The Magboro power project is a combined cycle turbo gas plant producing a nominal output of 80MWh. The project sponsor is a privately owned Nigerian Company. Blackwood is acting as EPC manager and Financial Advisor of the project. We have selected one of the major Italian contractor, Sofinter Group, as turnkey EPC contractor. A risk efficient financial structure has been structured to leverage the investment at 100%. We are currently selecting the O&M contractor on a bid basis. The total investment value is USD 115 million. The plant will start operations in 2009. 

The Blackwood Group is developing an Independent Power Project for the  construction and operation of a 420MW Combined Cycle Turbo Gas Power Plant with a dual fuel operational option. The Kpone Independent Power Project will be located in the Tema Municipal Assembly, in the Republic of Ghana.  The Group holds an interest of 20% shares in the investing Company while  the majority of share capital is owned by a primary international private equity investment fund. We are currently selecting the EPC contractor through an invitational bid and we are structuring a Project Financing with a primary international Bank in the UK. The value of the investment is USD 450  million. The plant will start operations in 2011. 

The Blackwood Group has recently entered in a joint venture agreement for the development of a Thermal power plant in Obrovac, Croatia. The plant will generate 416 MWh and will operate as an independent limited liability company. Blackwood is now identifying the technical partner that will provide the EPC service on a turnkey basis. The investment will be financed by mean of a project financing structure that The Blackwood Group is currently bidding among a short list of  three primary international banks. Risk management of the project will  be provided by Blackwood for both operational and financial risk areas. The value of the investment is USD 430 million. The plant will start operations in 2012.