Trinidad Generation Unlimited

What Trinidad Generation Unlimited does

Trinidad Generation Unlimited (TGU) is a Trinidad and Tobago-incorporated independent power producer (IPP) that owns and operates a 720 MW combined-cycle power plant (CCPP) located in La Brea at the Union Industrial Estate. Formed in December 2006 as a joint venture between Union Estate Electricity Generation Company Limited (UEEGCL) and AES Corporation, TGU became 100% state-owned in July 2013 when UEEGCL acquired AES's shares; it now sits under the National Investment Fund Holding Company Limited (NIFHCL), a wholly government-owned entity. The company's sole product is electricity generation, delivered through six General Electric 7EA gas turbine generators (450 MW combined) feeding waste heat to two GE SC5 steam turbine generators (270 MW combined) via Heat Recovery Steam Generators (HRSGs), with a 220 kV switchyard interconnecting to the national grid. A November 2023 Distributed Control System (DCS) upgrade modernized plant controls and optimized the 'fuel-free' steam cycle contribution.

The company sells its entire output to the Trinidad and Tobago Electricity Commission (T&TEC) under a 30-year Power Purchase Agreement (PPA) commencing in 2011, originally structured for joint supply to T&TEC (480 MW) and Alutrint Limited (240 MW) before the Alutrint project cancellation consolidated the full 720 MW to T&TEC. Revenue is generated through confidential capacity charges and energy charges under the PPA, with a contractual Equivalent Availability target of 93%. TGU is listed on the Singapore Stock Exchange (SGX) since November 2016 and has tapped international debt capital markets with a $600 million 144A RegS bond, while operating with a workforce of 101-250 employees staffed entirely by Trinidad and Tobago nationals. As the largest combined-cycle power plant in the Caribbean, the facility supplies approximately 50%+ of Trinidad and Tobago's electrical energy and serves as critical national generation infrastructure.

Name

Trinidad Generation Unlimited

Legal name

Trinidad Generation Unlimited

Website

https://tgu.co.tt

Company type

Public

Founded year

2006

Operating status

Operating

Headcount range

101–250 employees

Short description

Trinidad Generation Unlimited operates a 720 MW combined-cycle power plant in La Brea, Trinidad and Tobago - the largest such facility in the Caribbean - selling all output under a 30-year Power Purchase Agreement to the state-owned T&TEC utility, supplying over 50% of national electricity demand.

Ownership category

akta.pro rank

Product category

Independent Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)

akta.pro primary industry

Utility-Scale Combined-Cycle Gas Turbine (CCGT) Generation (EUACABAA)

akta.pro secondary industries

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI), Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ)

Keywords

• Combined-cycle power generation
• Independent power producer
• Electricity generation services
• Natural gas power plant
• Power purchase agreements

Headquarters

HQ city

Chaguanas

HQ country

Trinidad & Tobago

HQ region

Latin America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Infrastructure, Personnel, Operations, Technology or R&D, Others

Revenue model

1. Electricity Generation and Sale: TGU generates and sells electricity through a 30-year Power Purchase Agreement (PPA) contract beginning in 2011. Originally contracted to sell 720 MW at a combined Equivalent Availability of 93% to Alutrint Limited (240 MW) and T&TEC (480 MW) in a joint and several arrangement. After the Alutrint project was cancelled, all 720 MW was contracted to T&TEC. Revenue is derived from capacity charges and energy charges based on electricity delivered.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Trinidad Generation Unlimited (TGU) owns and operates a 720 MW combined-cycle power plant (CCPP) located in La Brea, Trinidad and Tobago. The facility consists of six General Electric gas turbine generators and two General Electric steam turbine generators coupled with Heat Recovery Steam Generators (HRSGs), enabling approximately 50% more energy generation without additional fuel. All electricity output is sold under a 30-year Power Purchase Agreement (PPA) to the Trinidad and Tobago Electricity Commission (T&TEC).

Product overview

Trinidad Generation Unlimited (TGU) operates a single core product — a 720-megawatt combined-cycle power plant located in La Brea, Trinidad and Tobago. The facility uses six General Electric gas turbine generators and two steam turbine generators in a 'three on one' configuration. The plant generates electricity by first powering gas turbines, then capturing waste heat through Heat Recovery Steam Generators (HRSGs) to produce steam for the steam turbines, enabling additional power generation without additional fuel. TGU sells all its power output to the Trinidad and Tobago Electricity Commission (T&TEC).

Differentiator

Problem solved

Functional benefit

Products and services

• Combined-Cycle Power Plant (720 MW) A 720 MW natural gas-fired combined-cycle power generation facility in La Brea, Trinidad and Tobago, supplying approximately 50% of Trinidad and Tobago's electrical energy exclusively to T&TEC under a 30-year Power Purchase Agreement.

Quantifiable outcome

• 720 MW contracted power output capacity
• +5 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core and supporting.

• Trinidad and Tobago Electricity Commission (T&TEC)coreChannel Partner/ Reseller/ Distributor · 1 January 2011T&TEC is TGU's primary customer, purchasing all 720 MW of contracted electricity generation capacity under a 30-year Power Purchase Agreement. TGU supplies over 50% of Trinidad and Tobago's electrical energy needs. The partnership involves close operational collaboration including joint maintenance exercises and system upgrades, such as the November 2023 Distributed Control System upgrade undertaken in collaboration with T&TEC.
• National Gas Company of Trinidad and Tobago Limited (NGC)coreOthersNGC supplies natural gas to TGU's power plant facility through a separate natural gas network. Natural gas is the primary fuel source for TGU's gas turbine generators, enabling the combined-cycle power generation operations.
• Phoenix Park Gas Processors Limited (PPGPL)supportingOthersPPGPL supplies natural gas to other power plants via their facility at Point Lisas Industrial Estate. TGU receives gas supply through NGC's network.

Scale indicators5 records

Recent moves11 records

Expansion highlights4 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/trinidad-generation-unlimited

Revenue estimate

Valuation estimate

Number of profiles

Profiles21 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Trinidad Generation Unlimited