Privatization of Large Power Plants in Nigeria

Delphos International won an international tender from the Government of Nigeria ("GoN") to perform technical, economic and financial advisory services related to capital expenditure, ownership/management and financing options for two of the country's largest existing power plants: Shiroro (600 MW hydro) and Egbin (1,320 MW gas-fired). The team's services included technical, financial/economic, environmental and regulatory analyses, as well as evaluating the project ownership structure, developing a proforma financial model and investment memorandum, and provision of training support to GoN staff in financial modeling and analysis. This effort falls under a wider government policy of privatizing the electric sector under the Power Sector Reform Act. The $467,300 grant funding the tender was provided to Bureau of Public Enterprises by the U.S. Trade and Development Agency ("USTDA").

Project Details

Client Name: 
Government of Nigeria

Location Region: 
West Africa

Services Provided: 
Advisory Services & Business Development