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Affiliate Companies

Milhouse International

Milhouse International develops projects abroad that aim to ease power blackouts chronic in emerging economies. Currently, Milhouse International is advancing multiple projects in Nigeria.  We are also pursuing similar ventures in Ghana, and the Democratic Republic of the Congo (DRC).

Milhouse International is progressing multiple gas-to-power projects in Nigeria, and is lead sponsor of a 60 MW thermal power project in Southeastern Nigeria. Nigeria is Africa’s most populous country with 180 million people and has the continent’s largest gross domestic product (480 billion in 2015).

The thermal power project will provide energy to commercial and industrial customers in the Southeast and will light up one of its leading universities, the University of Nigeria at Nsukka. Less than 50 percent of the entire Nigerian population has access to electricity on a regular basis. Milhouse expects to greatly enrich the lives of those individuals in particular.

Developing Projects

Milhouse Generation Services Energy’s first plant is an off-grid coal-fired power project located in the Nsukka area of Enugu, Nigeria on land owned by the University of Nigeria at Nsukka.  (http://www.unn.edu.ng/)

Initial installed capacity for the project is 60 MW (Phase 1), expanding to 300 MW ultimately.

Key details on project are below. These include the significant progress made to date in completing an extensive agenda of regulatory approvals and clearances.

Location: Fully executed land agreement with significant location advantage – close to industrial and commercial customers and grid transmission infrastructure

ESIA – Environmental & Social Impact Assessment report completed to World Bank standards.

EPC & OEM: Internationally recognized companies selected for construction and equipment supply after a broad RFP and competitive evaluation process.

Corporate Social Responsibility: sustainable corporate culture of social responsibility in our local area where we do business.

Coal Supply Agreement: Commitment to meet Milhouse’ coal requirements received from credible supplier.

Power Purchase Agreement (PPA): Now finalizing 10 year PPAs with commercial and industrial off-takers.

Electricity Transmission: Approval received from Transmission Company of Nigeria (TCN) for on-grid connection.

Other licenses, permits and approvals well advanced.

News on Power and Investing in Africa

https://www.bloomberg.com/news/articles/2016-11-11/citigroup-sees-sliding-african-valuations-driving-deals-in-2017

https://www.bloomberg.com/news/articles/2016-11-08/nigerian-population-hits-182-million-with-widening-youth-bulge

https://www.bloomberg.com/news/articles/2016-08-04/transcorp-stops-1-billion-nigeria-power-plan-on-gas-shortages

http://www.cnbc.com/2016/09/26/reuters-america-update-2-african-development-bank-aims-to-lend-nigeria-41-bln-for-power-and-farming.html

http://www.cnbc.com/2016/06/22/reuters-america-africa-focused-funds-fuse-33-billion-electric-power-assets.html

http://www.cnbc.com/2015/03/17/private-equity-investors-pile-into-africa.html

 

 

 

 

 

Frank Martin

Vice President, Power Development

P 312-987-0061

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