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Nigeria: Themis co-developing 550MW Kingline gas project

Denham Capital-backed developer Neo Themis announced this month that it is the lead developer for the 550MW Kingline open-cycle gas project in Ondo State. The announcement is a boost for the Nigerian power generation sector, which has experienced a difficult few years as the Nigerian Bulk Electricity Trader (NBET) and distribution companies have struggled to achieve commercial sustainability. There has been some speculation that the ‘super ministry’ comprising housing, power and works could be broken up following the re-election of President Mohammadu Buhari.

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