Notore Power, a wholly owned subsidiary of Notore Chemical Industries, is an indigenous Independent Power Producer (IPP). Incorporated in August 2007, Notore Power was initially established to generate power for its parent company and maximize the full earning potential of the Notore Group. Notore Power now has the mandate to benefit from the recent power sector reform in Nigeria which has given privately owned power generating companies license to generate, distribute and supply power; a profitable advantage that hitherto belonged to Power Holding Company of Nigeria (PHCN).
Notore Power generates and supplies electricity directly to Notore Chemical Industries and has recently signed a Power Purchase Agreement (PPA) to provide power to high capacity users in the Onne Oil & Gas Free Zone (OGFZ). There are also ongoing plans to sign a PPA with PHCN with a view to supplying power to the National Grid.
Notore Power currently has an installed capacity of 50MW. Having successfully obtained a generation license for its operations, plans are currently in place to export power to the Oil and Gas Free Zone in Onne.
Although business transactions similar to the Onne Oil & Gas Free Trade Zone and Notore Power agreement are taking place in several industrial zones across Nigeria, we recognize that PHCN remains the largest producer of power in the country. With the chronic lack of power in Nigeria as our motivation, Notore Power has identified a good opportunity to become one of the country’s largest power generating companies. We are well positioned to achieve our vision based on our solid gas infrastructure, secure access to gas, abundance of land, technical expertise and proximity to the national grid. Step by step we are etching our footprints into Nigeria’s re-emerging power sector.