Top 18 Power Generating Companies in Nigeria

Nigeria’s power generation sector is managed by a bunch of power generating firms regulated by Nigerian Electricity regulative Commission (NERC).

The facility generation firms ar saddled with the responsibility to generate electricity in Nigeria. Power generation companies came under operation as separate entities following the unbundling of PHCN in 2005 as part of the power reform process.

power supply

Today, there are several power generation companies in Nigeria. They are often referred to as the GenCos, a term initially used in 2013 following privatisation of the power generation companies.

Among the power generation companies managing the 23 grid-connected power plants are successor companies of the privatised power plants, Independent Power Producers (IPP), and Niger Delta Power Holding Company (NDPHC).

Successor companies of Power Holding Company of Nigeria (PHCN) dominate the grid-connected power generation companies. The IPPs includes power generation companies managed by the private sector prior to privatization of the power generating sector e.g. SPDC, AES Barges, Ibom Power and NESCO.

Projects tagged as NIPP are managed by NDPHC. Some NIPP have already been privatised while some are still in the process to be sold to interested investors.

In this post we will cover the following headings:

  • list of independent power producers in nigeria
  • list of gencos in nigeria
  • list all the power station in nigeria
  • power generation transmission and distribution in nigeria
  • power generation in nigeria 2016
  • power generation in nigeria pdf
  • afam power plc
  • kainji power station

Below is a list of some power generation companies currently operating in Nigeria.

1. Afam Power Plc.

Afam Power Plc manages the Afam I-V power plants in River state. Nigeria’s power generation sector is managed by a bunch of power generating firms regulated by Nigerian Electricity regulative Commission (NERC). the facility generation firms are saddled with the responsibility to generat

It has the potentiality of becoming a leading power plant in Nigeria due to its close proximity to source of natural gas, other raw materials and growing demand for electricity by multinational companies around the region.

Afam Power Plc is the remaining of the seventeen (17) successor companies of the defunct PHCN which hasn’t been privatised since 2013 till date


2. Mainstream Energy Solutions Limited (MESL)

Mainstream Energy Solutions is a privately owned company that oversees the daily operations of both Kanji and Jebba hydro power plants in Niger state. In 2013, MESL became a concessionaire of both hydropower plants formerly managed by Kainji Hydro-Electric Plc, a successor company of the defunct PHCN.

The Concession involves a thirty year lease agreement. Since privatisation, MESL has successfully raised the installed generating capacity of both plants from less than 350MW to 1338MW.

3. Transcorp Power Limited

In 2013, Transcorp Power Limited became the new owners of Ughelli power Plc which was among the PHCN successor companies managing the Transcorp Ughelli (Delta) power plant.

Transcorp Ughelli power plant is the largest thermal power plant having an installed generating capacity of 972MW. Presently, the power plants meet world specifications for power plants of its type.

Also Read:  5 tips to make your clothes last longer

4. North South Power Limited

North South Power Limited is a concessionaire of Shiroro hydro power plant formerly managed by Shiroro Hydro Power Plc. The concession involves a thirty years agreement.

The power plant with an installed generating capacity of 600MW meets worldwide technological standards for plants of its type.

5. Cummins Cogeneration Limited

Cummins Cogeneration Limited is based in Ruislip, United Kingdom. It signed a 300MW Power Purchase Agreement (PPA) with Sapele Power Plc.

6. Sapele Power Plc

Currently, Sapele Power Plc is in partnership with Cummins Cogeneration Limited to run the Sapele Power Plants which is the second largest power plants in Nigeria with an installed generating capacity ot1020MW. The power plant is located near its customers’ base and natural gas feedstock.

7. Egbin Power Plc

Egbin Power Plc operates the Egbin Power Station Complex which is the largest power generating thermal plant in Nigeria. The power station has an installed generating capacity of 1,320MW.

However, on November 2013, 70% of the company was sold to core-investors – Sahara Power Group and Korea Electric Power Corporation (KEPCO) while the remaining 30% was retained by the government.

8. KEPCO Energy Resources Limited (KERL)

This company is a joint venture between South Korea’s Korea Electric Power Corporation and Nigeria’s Sahara Energy Group. Prior to the acquisition, the Egbin Power Plant was operating at less than 50 percent capacity; however, after its privatisation the plant has attained over 80 % of its operational capacity.

9. SEPCO Pacific Energy Partners Limited

Olorunsogo Power Plc was handed over to SEPCO Pacific Energy Partners Limited in 2014. SEPCO Pacific Energy is a joint venture between Pacific Energy Company Limited and SEPCO Electric Power Construction Corporation which is a leading Chinese construction and engineering company.

The company manages the operation of the Olorunsogo Power Plant Phase 1. The power plant has an installed capacity of 335MW.

10. China Machinery Engineering Corporation (CMEC)

CMEC specialises in construction of power projects in generation, transmission and distribution. It partially owns two power plants in Nigeria, i.e. the Omotosho Power Plants in Ondo state. The Bureau of Enterprises (BPE), in 2013, sold the Omotosho power plant to CMEC-Pacific consortium.

11. Pacific Energy

Pacific Energy, a subsidiary of Pacific Holdings Limited acquired the Omotosho power plant – Phase 1 in partnership with CMEC.  The power plant is daily operated and maintained by Pacific Energy which boast of generating 95% installed capacity of the power plant according to a capacity test carried out by Nigerian Bulk Electricity Trading (NBET).

Pacific energy also partnered with SEPCO in the acquisition of the Olorunsogo Power Plant Phase 1.

Also Read:  Business Tips: How to start a food supply business in Nigeria

12. Shell Petroleum Development Company Joint Venture (SPDC JV)

SPDC of Nigeria Limited is the operator of the SPDC JV, a collaboration of group of companies – Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC), Total E & P Nigeria and Nigerian Agip Oil Company. Afam VI Power Plant is owned by the SPDC JV.

It is noteworthy that the Afam VI Power Plant won the SPDC the best company in Climate Action Award in the 2016 edition of Sustainability, Enterprise, Responsibility Awards for Corporate Social Responsibility (SERAs-CSR).

13. Nigerian Agip Oil Company (NAOC)

In a joint venture with NNPC, NAOC constructed the Kwale Okpai Power Station. The company manages the operation of the Okpai power plant. Additionally, NAOC has 5% participating interest with SPDC JV which manages the Afam VI Power Plant.

14. Ibom Power Company

Ibom Power is one of the first Independent Power Companies in Nigeria and registered/active participant of the Nigerian Electricity Supply Industry (NESI). It was incorporated in the year 2001. The company manages operation of the Ibom Power Plant which adds an average of 105 Megawatts to total power generation in Nigeria.


15. Nigerian Electricity Supply Corporation Nigeria Limited (NESCO)

NESCO was established in Jos in 1929. It is an Independent Power company rendering power generation and distribution services in Plateau state. It has operated within the state for over 80 years when it began operation at the hydroelectric power station located at Kura Falls to supply electricity to miners.

Through a number of small-scale hydro schemes around Jos, NESCO generates and supplies 19MW of electricity to Jos and its environs.

16. AESNigeria Barge Operations Limited

AES Nigeria Barge Operations Limited was formerly a subsidiary of AES Corporation but now operates as a subsidiary of Cryex Energy Limited as of November 2014. It manages the AES Barge IPP which has an installed capacity of 270MW.

17. Amperion Power Distribution Company Limited (Amperion Power)

Amperion Power is a power generation division of Forte Oil Plc. Forte Oil Plc, in 2013, acquired a majority stake of the Geregu Power Plant Phase 1 through the Amperion Power Distribution Company Limited.

In 2015, the company signed contract with Siemens to expand the 414MW plant to an additional 435MW Geregu Power Plant Phase 2.

18. Niger Delta Power Holding Company (NDPHC)

NDPHC is a power generation and distribution company owned by the government. It oversees the implementation of the National Integrated Power Projects (NIPP).  Power stations under NIPP are still undergoing privatization processes. The ten power generation subsidiaries of the NDPHC include:

  • Benin Generation Company Limited
  • Calabar Generation Company Limited
  • Egbema Generation Company Limited
  • Gbarain Generation Company Limited
  • Geregu Generation Company Limited
  • Ogorode Generation Company Limited
  • Olorunsogo Generation Company Limited
  • Omoku Generation Company Limited
  • Omotosho Generation Company Limited

Alaoji Generation Company Limited

Share This:

Leave a Reply

MyTips.Com.Ng © 2017