Core Segments – Power

Our focus on Power Generation, was built on the back of an earlier generator capacity rental to field projects, undertaken in remote locations without the existence of electricity infrastructure.

However, it has now been transformed to involve the provision of an integrated and specialist solution-based service that caters to private businesses or governments in need of captive or on-grid electricity generation, on a medium-to-long-term PPA (Power Purchase Agreement) structure, accompanied by a guaranteed fuel supply arrangement. Our solutions are offered as a full turnkey project, coupled with ongoing operations and maintenance support, under a basic structure where our off-takers become responsible for providing a suitable land space, within the proximity of a possible fuel source and an interconnection point, where the Electricity Output evacuated from our station will be fed into, while we provide the necessary equipment and technical manpower required to generate and inject the agreed MWs.

In achieving this objective, we firm up various contractual understandings with major equipment manufacturers and their technical EPC contractors to develop a competent power plant O & M (Operation and Maintenance) team that is dedicated to support and sustain’ each project we embark on and no matter the off-taker’s situation, our company is readily available to provide a basket of customized and feasible solutions that deliver results.

We have access to a combination of technologies, services, and expertise to use in addressing every client’s power needs more effectively and efficiently than most providers of the same service.

To adequately harness the ample opportunities around monetizing Natural Gas in Nigeria, Energy Culture has deployed a strategy that involves making direct investments into third-party projects, using a mix of debt and equity to effectively manage the process under a co-development or a production payment agreement structure that create a mutually beneficial collaboration between Energy Culture and the asset holder to produce the available Natural Gas within its given asset and use to reduce supply uncertainties of other projects requiring Natural Gas as feedstock.

Notwithstanding the quantum of risk involved in collaborating to develop a Natural Gas asset, Energy Culture's participation inevitably increases the project’s enterprise value and creates significant attraction to extend every commitment necessary in raising the required funding and tap into a network of technical and managerial supports that will enable exploitation of the opportunity.

Through the adoption of either contractual structure, Energy Culture becomes directly involved in financing, planning, and execution of the project under an operating agreement with an asset holder. This form of collaboration to develop projects’ enables a non-asset owner to invest in a project at an early stage and then recover the investment made through off-taking a portion or all of the project’s deliverables over a pre-agreed period (similar to stream financing). It also creates a transparent mode of engagement between the parties involved as every component of the project is first of all evaluated and agreed upon, before inclusion as part of the arrangement.