Proton Energy, Partners Sign $250m Gas Supply Deal For 500MW Power Project

Proton Energy Limited has signed a deal with the Nigerian National Petroleum Company Ltd (NNPC), Shell Petroleum Development Company (SPDC), TotalEnergies, the Nigerian Agip Oil Company Limited (NAOC) and the Gas Aggregation Company Nigeria Limited (GACN) for the supply of natural gas for its 150 MW first phase of the Proton Delta Sunrise project.

The signing of the long-term gas supply aggregation agreement is a milestone in the development of the company’s 500 MW planned facilities which will be built in two phases. The first phase will deliver 150 MW of electricity to the national grid, while the second phase will add a further 350 MW.