Integrated Energy and Environmental Solutions

The purpose of establishing Caleb Inland is to: Engage in building consistent, reliable and affordable power plants in the Nigeria Electricity Industry where the demand for electric power is overwhelmingly greater than electricity supply; collaborate with a well-established entity, and; assemble a highly competent group of engineers and managers capable of handling any level of power and environmental remediation projects in Africa, especially Nigeria. The company was registered in California, United States in January 2011 and its corporate status remains active. Since its inception, the firm has been actively engaged in power plant development efforts with the full range of Nigerian energy related Ministries such as Power and Steel, Commerce and Industry, Trade and Investments, Environment, and Water Resources both at the Federal and State levels. Caleb signed a Joint Venture agreement with Inland Energy, Inc., – a premier Southern California Power Plant Developer which has successfully developed more than 3.0 GW of power plants with various technologies throughout the U.S. but primarily in California, including the award winning 830 MW, 3×1 natural gas fired combined cycle “High Desert Power Plant” (winner of the 2003 Power Magazine “Power Plant of the Year”). Presently, the IJV of Caleb-Inland Energy is developing a 2,000 MW Combined Cycle Gas Turbine (CCGT) power plant at Lekki Free Zone (LFZ) but will build in phases. The first phase will be 800 MW CCGT with an expected Commercial Operating Date in 2030. key members of the Caleb-Inland Energy Team are Pickwick Capital which has been selected as the Project’s Financial Advisor. Pickwick is an Investment Banking firm based in New York which has extensive experience in the international power plant financing market.

Others include Hyundai Engineering Company (our preferred EPC), a worldclass experienced Power Plant EPC; Shell Nigeria Gas (subsidiary of Shell Global) to supply pipelined natural gas; and exclusive agreement with General Electric Vernova to be the Project’s major equipment supplier. The Project has been permitted by the Federal Ministry of Environment, and gas delivery agreement talks have reached advanced stage. TCN has also approved pre-evacuation study to interconnect to Lagos Independent System Operator (LAISO) /National Grid. Lagos State has expressed interest to offtake the entire output of the plant via Clean Lagos Electricity Market (CLEM).