Aba IPP
Geometric Power is an indigenous private-sector driven power provider in Nigeria, whose goal is to construct and operate independent power plants (IPPs) for the generation, and distribution of power to industrial clusters, commercial entities and the general public in Nigeria and Sub-Saharan African countries.
As a pioneer IPP, Geometric Power is desirous to complement the Nigerian Government's efforts to improve the power sector by helping to bridge the huge energy gap in a timely manner, and to alleviate the pains of several industrialists in the country.
The objective of Geometric Power in the Aba Integrated Power Project is to initiate the emergence of high reliability in power supply, especially for the industrial sector in Nigeria and Sub-Saharan Africa. The project will therefore drive positive economic growth within the region. The Aba IPP project is a pilot project that will revolutionalize the power sector in Nigeria. It is a model that will eventually be replicated in other parts of Nigeria.
The average annual power supply in Aba is currently at 20% of its total demand! The quality and availability of power supply to industries is inadequate to meet their needs hence most businesses rely on privately generated power to run their machines and industrial equipment at very high costs. Geometric Power's goal is to provide reliable, affordable and efficient power supply to all its customers, especially the industrial clusters at Aba whose productivity and viability have been drastically affected over several years by the inadequacy of the public power supply system from Power Holding Company of Nigeria (PHCN).
Geometric Power is building a 188 MW in phase I of a two phase 1000MW capacity power plant. It is a gas-fired power plant and is being built for very high reliability by using four GE LM6000 gas turbines. Each of the four turbines has a capacity of 47 megawatts in simple cycle at the Aba ambient conditions. The first phase of the project will cost about US$385million. The plant is strategically located in Aba, the commercial capital city of Abia State, South Eastern part of Nigeria. Aba is convenient for this first industry-centered independent power plant because it already has gas pipeline and a large cluster of sustainable industries that need reliable electric power. Several industries are poised to expand production capacity, and those which have shutdown because of power supply problems are expected to come back on stream after the completion of this power plant. The power plant will also serve commercial customers, as well as residences and surrounding communities.
The project is financed by international investors led by International Finance Corporation (IFC) of the World Bank.It is strongly supported by several local and International organizations. These include the World Bank; European Investment Bank, Diamond Bank, Stanbic IBTC, the Federal Ministry of Energy in Nigeria; the Bureau of Public Enterprises (BPE), the major industrialists in Aba and the Aba Community in general.
Service Delivery: Geometric Power will generate electrical power and sell to two primary groups:
Geometric Power will guarantee power supply to all her customers, and save the average manufacturing company more than 65% of its current electricity production cost, as well as the hassles and high costs associated with running its own “stand-by” generating sets 80% of the time! It is therefore expected that the Aba Integrated Power Project will greatly reduce the operating costs, and enhance the productivity of existing companies in addition to enabling new companies to emerge.
President Umaru Musa Yar'Adua laid the foundation stone during the ground breaking ceremony held on November 1, 2007 at the Power Plant site in Osisioma-Ngwa, Abia State. This project is expected to be commissioned in April 2009.
As a pioneer IPP, Geometric Power is desirous to complement the Nigerian Government's efforts to improve the power sector by helping to bridge the huge energy gap in a timely manner, and to alleviate the pains of several industrialists in the country.
The objective of Geometric Power in the Aba Integrated Power Project is to initiate the emergence of high reliability in power supply, especially for the industrial sector in Nigeria and Sub-Saharan Africa. The project will therefore drive positive economic growth within the region. The Aba IPP project is a pilot project that will revolutionalize the power sector in Nigeria. It is a model that will eventually be replicated in other parts of Nigeria.
The average annual power supply in Aba is currently at 20% of its total demand! The quality and availability of power supply to industries is inadequate to meet their needs hence most businesses rely on privately generated power to run their machines and industrial equipment at very high costs. Geometric Power's goal is to provide reliable, affordable and efficient power supply to all its customers, especially the industrial clusters at Aba whose productivity and viability have been drastically affected over several years by the inadequacy of the public power supply system from Power Holding Company of Nigeria (PHCN).
Geometric Power is building a 188 MW in phase I of a two phase 1000MW capacity power plant. It is a gas-fired power plant and is being built for very high reliability by using four GE LM6000 gas turbines. Each of the four turbines has a capacity of 47 megawatts in simple cycle at the Aba ambient conditions. The first phase of the project will cost about US$385million. The plant is strategically located in Aba, the commercial capital city of Abia State, South Eastern part of Nigeria. Aba is convenient for this first industry-centered independent power plant because it already has gas pipeline and a large cluster of sustainable industries that need reliable electric power. Several industries are poised to expand production capacity, and those which have shutdown because of power supply problems are expected to come back on stream after the completion of this power plant. The power plant will also serve commercial customers, as well as residences and surrounding communities.
The project is financed by international investors led by International Finance Corporation (IFC) of the World Bank.It is strongly supported by several local and International organizations. These include the World Bank; European Investment Bank, Diamond Bank, Stanbic IBTC, the Federal Ministry of Energy in Nigeria; the Bureau of Public Enterprises (BPE), the major industrialists in Aba and the Aba Community in general.
Service Delivery: Geometric Power will generate electrical power and sell to two primary groups:
- the Aba industrial clusters, using dedicated high quality distribution lines and
- the commercial and residential customers using the existing power distribution network of the public power supply system from Power Holding Company of Nigeria (PHCN) which will be fully rehabilitated to world class standard.
Geometric Power will guarantee power supply to all her customers, and save the average manufacturing company more than 65% of its current electricity production cost, as well as the hassles and high costs associated with running its own “stand-by” generating sets 80% of the time! It is therefore expected that the Aba Integrated Power Project will greatly reduce the operating costs, and enhance the productivity of existing companies in addition to enabling new companies to emerge.
President Umaru Musa Yar'Adua laid the foundation stone during the ground breaking ceremony held on November 1, 2007 at the Power Plant site in Osisioma-Ngwa, Abia State. This project is expected to be commissioned in April 2009.