Shoreline Power

What Shoreline Power does

Shoreline Power Company Limited, founded in 2004 and headquartered in Ilupeju, Lagos, Nigeria, is an indigenous power solutions provider operating as a subsidiary of Shoreline Energy International. The company runs a vertically integrated platform spanning power generation, power equipment manufacturing, and EPC (Engineering, Procurement and Construction) services. Its core technology portfolio includes gas turbines (Siemens), large and medium gas/diesel engines (Wartsila/MAN, MWM), CNG compression and delivery infrastructure, and electrical equipment (ABB/Siemens). Shoreline Power is the only Original Equipment Manufacturer (OEM) for ABB products in Sub-Saharan Africa, manufacturing Low and Medium Voltage Switchgear and Motor Control Centres at its Ilupeju facility (acquired in 2005). The company is also a first-mover in CNG technology deployment for gas compression and delivery in the region.

The company generates revenue through five streams: (1) Independent Power Production under long-term Power Purchase Agreements (PPAs) on a per-kilowatt-hour basis with industrial off-takers such as Dufil Prima Foods and Lafarge Cement WAPCO; (2) EPC contracting for gas-fired and grid-connected power plants; (3) rental power using containerized generator sets for governments and industrial customers; (4) equipment manufacturing (LV/MV switchgear, motor control centres, variable speed AC drives); and (5) Operation and Maintenance (O&M) services. Customers span cement manufacturing, food manufacturing, port terminal operations, real estate/industrial estates, and government utilities. Strategic alliances with ABB (OEM licensing), Siemens, Wartsila/MAN, MWM, Aggreko International, Costain West Africa, and Impac Germany/Cakasa Nigeria support delivery.

Shoreline Power holds a NERC license as an Independent Power Producer, with a specific license awarded for the Wapco Shagamu Power Plant in December 2011. Operations span Nigeria (Lagos headquarters, Port Harcourt operations) and Uganda (via JV with Aggreko for a 100 MW rental diesel project). The company claims over 2,000 employees at the standalone entity level, with the parent Shoreline Energy International group employing over 9,000 globally. Key strategic moves include the 2005 acquisition of the ABB Switchgear manufacturing facility, the 2006 establishment of Agbara Shoreline Power Co. Ltd for a 100 MW IPP project, and the 2012 Tolaram/Dufil Prima Foods contract that triggered vertical integration into CNG gas supply.

Name

Shoreline Power

Legal name

Shoreline Power LTD

Website

https://shoreline-power.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

251–500 employees

Short description

Shoreline Power is an indigenous Nigerian power solutions company providing power generation, EPC contracting, rental power, electrical equipment manufacturing (ABB OEM in Sub-Saharan Africa), and O&M services to industrial, government, and utility customers in Nigeria and Uganda.

Ownership category

akta.pro rank

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Power Generation and Sales: Operating as an Independent Power Producer (IPP) selling electricity to off-takers under long-term power purchase agreements. Revenue generated from kilo watt hour sales to industrial customers.
2. EPC Contracting: Engineering, Procurement and Construction services for power plant development. Acts as main EPC contractor for gas fired power plants and grid-connected projects.
3. Rental Power: Provides containerized generator sets for rental power projects, offering power generation capacity on rental basis to governments and industrial customers.
4. Equipment Manufacturing: Manufactures and assembles Low Voltage and Medium Voltage electrical equipment including switchgear, motor control centres, and variable speed AC drives.
5. Operation and Maintenance Services: Provides O&M services for power plants including total plant management, support, maintenance, installation, commissioning, repair, refurbishment, and modernization.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels2 records

Core offering

Shoreline Power is an indigenous Nigerian power solutions company that operates as an Independent Power Producer (IPP) and provides power generation, electrical equipment manufacturing, EPC contracting, rental power, and O&M services for industries, governments, and utilities in Sub-Saharan Africa. The company also manufactures Low and Medium Voltage switchgear and Motor Control Centres as the only OEM in Sub-Saharan Africa for ABB products, and has pioneered CNG technology for gas-to-power applications.

Product overview

Shoreline Power is an indigenous Nigerian power solutions company operating as a vertically integrated power generation and electrical equipment manufacturer. The company operates a platform-plus-services model with two core product pillars: (1) Low and Medium Voltage Switchgear and Motor Control Centres manufacturing, where Shoreline Power is the only Original Equipment Manufacturer (OEM) for ABB products in Sub-Saharan Africa, and (2) Power Generation activities through its NERC-licensed subsidiary Agbara Shoreline Power Company Limited. These are supported by complementary services including EPC (Engineering, Procurement and Construction), turnkey solutions, operation and maintenance (O&M), rental power projects, fuel supply solutions (CNG/LPG/LPFO/HFO), and power plant consultancy. The company also sells, installs, and commissions variable speed AC drives and offers a full range of LV and MV electrical equipment solutions.

Differentiator

Problem solved

Functional benefit

Products and services

• Independent Power Production (IPP) / Power Generation

Quantifiable outcome

• NERC license obtained for Wapco Shagamu Power Plant
• +1 more outcomes

Named customers5 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Tolaram GroupcoreStrategic or Co-development Partner · 1 February 2012Awarded contract from Tolaram Group for engineering, design, procurement, installation, construction, operation and maintenance of 9 MW gas fired power plant for Dufil Prima Foods at Choba facility in Port Harcourt.
• Aggreko International LimitedcoreStrategic or Co-development PartnerJoint venture partnership for 100 MW rental diesel power plant project with Government of Uganda. Aggreko provides equipment and expertise while Shoreline Power handles local operations and project management.
• ABBcoreOEM/ Whitelabel/ Licensing PartnerOnly Original Equipment Manufacturer (OEM) in Sub-Saharan Africa for ABB products. Manufactures Low and Medium Voltage Switchgear and Motor Control Centres under ABB licensing. Also sells, installs and commissions ABB variable speed AC drives.
• Shoreline Energy InternationalcoreOthersParent company and Investment Holding Company. Shoreline Power Company Limited is a member of Shoreline Energy International, a growing Infrastructure Solutions Provider Group in Sub-Saharan West Africa.
• Costain West Africa/NigeriaminorImplementation/ SI/ Consulting PartnerConstruction partner for power plant projects. Provides construction services for EPC turnkey projects.
• Impac Germany / Cakasa NigeriaminorImplementation/ SI/ Consulting PartnerEngineering partners providing engineering services for power plant development and construction projects.

Scale indicators4 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Globeleq: Africa-focused independent power producer owned by British International Investment and Norfund, operating utility-scale generation assets across multiple SSA countries. Closely comparable as a multi-country African IPP with a focus on industrial and utility off-takers.
• Karpowership: Turkey-based floating/rental power provider that has won multiple large multi-MW power supply contracts across Sub-Saharan Africa (e.g., Ghana, Senegal, South Africa). Directly comparable as a provider of fast-deploy, often diesel/gas-based temporary and IPP power to African utilities.
• Aggreko: Global leader in temporary/rental power generation and a JV partner with Shoreline Power on the Uganda 100 MW project. Directly comparable as a provider of large-scale, often diesel-based, modular power solutions to industrial and government customers in Africa and other emerging markets.

Others

• ABB: Global electrical equipment OEM and Shoreline Power's licensing partner for switchgear and motor control centres in SSA. Comparable as an enabling technology supplier underpinning Shoreline's manufacturing line and as a benchmark for the value of the exclusive OEM rights.

Broad incumbents

• Siemens Energy: Global energy technology OEM and a stated gas turbine vendor for Shoreline Power. Comparable as a broad incumbent supplying turbines, grid technology, and EPC services to African utilities and IPPs.
• Caterpillar (CAT Electric Power): Global manufacturer of diesel and gas generator sets serving industrial, utility, and rental power customers worldwide, with significant African exposure. Comparable as a broad incumbent in the same diesel/gas generation and rental power categories as Shoreline Power.
• ENGIE Africa: Multinational utility with a significant African IPP and renewables footprint (including legacy AES Africa assets). Comparable as a broad incumbent operating and developing power generation assets across multiple SSA countries.
• Wärtsilä: Global manufacturer of large gas/diesel engines and a stated equipment vendor for Shoreline Power. Comparable as a supplier of flexible, engine-based IPP solutions widely deployed across African power projects.
• MAN Energy Solutions: Manufacturer of large gas/diesel engines and a stated Shoreline Power equipment vendor. Comparable as a global supplier of engine-based power plants and aftermarket services used in African IPP and industrial self-generation projects.
• Cummins: Global manufacturer of diesel and gas generator sets, including the containerized rental units that Shoreline Power offers. Comparable as a broad incumbent in the African generator, IPP, and distributed power markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xtwitter.com/shoreline_pwr
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• LinkedInlinkedin.com/company/shoreline-power

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors1 record

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 Shoreline Power