Parameters

MYTO 1

MYTO 2

New Entrant

Successor Gencos

New Entrant

Successor Gencos

Installed Capacity, MW

-

-

-

-

Capacity factor, %

70

63

80

65

Marginal Loss Factor, %

8.05

8.05

8.05

8.05

Thermal efficiency, %

34

34

32

32

Auxiliary requirement, %

1

1

2

2

Construction period, years

2

2

3

3

Plant economic life, years

20

20

20

20

Capital cost, US$/kWh

-

-

-

-

Fuel cost, US$/mmBtu

1.8

1.8

1.8

1.8

Fixed O & M cost, ₦/MW/Year

-

-

-

-

Variable O & M cost, ₦/MWh

-

-

-

-

Availability, %

95

95

95

95

O & M costs escalation , %

-

-

-

-

Capital cost escalation , %

-

-

-

-

Fuel cost escalation , %

-

-

-

-

Corporate tax rate, %

32

32

32

32

Gearing ratio (debt/equity)

70:30

70:30

70:30

70:30

Risk-free rate , %

18

18

18

18

Nominal cost of debt, %

24

24

24

24

Nominal return on equity , %

29

29

29

29

Nominal before tax WACC, %

25

25

25

25

Nominal after tax WACC, %

17

17

17

17

Real pre-tax WACC, %

11

11

11

11

Real after tax WACC, %

7

7

7

7