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Sept 25th, 2017 Peak Generation: 4,346.3 MW | Energy Sent Out: 87,901.17 MWH

Monday, 18 August 2014 00:00

Sapele Power Plc Featured

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SAPELE POWER PLC

Sapele, P.M.B. 4128, Ogorode – Sapele, Delta State, Nigeria.

Sapele Power Plant is a thermal generating station located in Nigeria’s gas rich Delta State. Sapele has an installed capacity of 1020MW. 

Sapele Power is strategically located near its customers’ base in the industrialized Niger Delta region, close to sources for both natural gas feedstock and a river for cooling its steam turbine generators. Gas turbines have several advantages over steam turbines including reduced capital cost, rapid installation, and relatively low operating costs. Nigeria’s abundant natural gas resources will remain a primary operational advantage for Sapele Power operators for years to come. 

Sapele Power meets current world specifications for plants of its type, and includes an updated control room, a switchgear room, plus staff training school, medical, and recreational facilities. Sapele Power began operation in 1978 with the commissioning of the first of its six 120MW steam turbine units. Between 1978 and 1981, ABB and Babcock installed four steam turbines, each rated at 72MW. 

CORPORATE STRUCTURE

Before its incorporation as a distinct public limited liability company on November 8, 2005, Sapele Power operated as a semi-autonomous entity managed by a Chief Executive Officer (CEO), and supported by a management team, who reports directly to the CEO, Power Holding Company of Nigeria (PHCN). Full unbundling and transfer of assets and liabilities were done on 1st July, 2006. 

PRIVATIZATION

In 1999, the FGN began an aggressive restructuring of the power sector with several aims, including introduction of efficient, private sector standards and management principles, and methodology, leading to reliable power. 

In 2001, the FGN approved a National Electric Power Policy (NEPP), followed in 2005 by the Electric Power Sector Reform (EPSR) Act. EPSR Act provides the legal authority for the unbundling of Nigeria’s power utility as well as the introduction of a new, regulatory scheme managed by the Nigerian Electricity Regulatory Commission (NERC), an independent regulatory commission, to guarantee open access and ensure efficiency throughout the industry.  

Outright sale option was adopted by the Bureau for Public Enterprises in the sale of Sapele Power Plc which was culminated on the 1st of November 2013. The new owners are Eurofric Power Ltd.

 

Credit: The Bureau of Public Enterprise.

Read 3938 times Last modified on Monday, 17 October 2016 12:07

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