Century Power and Time Power
Century Power Generation Limited (CPG) and Time Power Global Dynamics Limited (TPGD) are power generation and distribution companies respectively, pursuing opportunities presented by the Nigerian Government’s policy regarding private power generation.
CPG is a power generation company, created as a Special Purpose Vehicle (SPV) to acquire and develop existing power plants in Nigeria, as well as build new power plants via IPPs to help boost the nation’s installed power capacity. CPG is currently developing a 1500 MW power plant in Okija, Anambra State, Nigeria. The plant would be a Combined Cycle Power Plant (CCPP) to be built in three phases:
- Phase 1 – which is ongoing – involves the construction of a 495 MW (ISO) Open Cycle Power Plant (OCPP) consisting of multiple E-class gas turbines, with provisions to add Heat Recovery Steam Generators (HRSGs) and steam turbines in a later phase. Phase 1 is due to be commissioned in September, 2015.
- Phase 2: Extension of the 495MW OCPC to a 750MW (ISO) CCPP by the installation of HRSCs and a steam turbine.
- Phase 3: Installation of a second 750 MW (ISO) CCPP block (i.e. 500MW OCPP + 250MW Steam turbine).
Commissioning of the plant’s full capacity is scheduled for the second half of 2018.
The project site is a 31.9 hectares plot of virgin land wholly owned by CPG, and is situated along the Onitsha-Owerri express road. The site is bordered on the East by the Ulasi River and on the West by Onitsha-Owerri express road. It is approximately 25km from the Oguta gas fields, about 15km from Nnewi (a major Nigerian industrial and economic centre), and 25km from Onitsha (another major economic area).
TPGD is an SBU that was created to participate in the ongoing effort to increase Nigeria’s electricity distribution by increasing customer access to economic and reliable electricity supply in the urban and rural areas, increasing the number of registered customers, and reducing distribution losses. As an indigenous company, TPGD is fully committed to help alleviate Nigeria’s power shortage issue in metropolitan, rural and remote communities around the country.