Friday, August 29, 2025
23.7 C
Lagos

Minister of Power Commends Savannah for Contribution to Growth of Nigeria’s Energy Sector

L-R: Chief Executive Officer, Income Electrix Limited, Matthew Edevbie; Managing Director/Chief Executive Officer, Niger Delta Power Holding Company Limited, Chiedu Ugbo; Minister of Power, Adebayo Adelabu; Managing Director, Savannah Energy, Nigeria, Pade Durotoye, and Head of Finance, Savannah Energy, Nigeria, Funmilola Ogunmekan during the visit of the Minister of Power to Savannah’s gas processing facility in Uquo, Akwa Ibom State recently.

The Honourable Minister of Power, Chief Adebayo Adelabu, has commended Savannah Energy, the British independent energy company focused around the delivery of Projects that Matter, for its investment in Nigeria’s energy sector, as well as its contribution to the growth of the domestic gas market to support national development.

The Minister made the commendation during a recent visit to the Uquo Central Processing Facility (“CPF”) in Akwa Ibom State, which is owned by Accugas Limited, a subsidiary of Savannah Energy.

Chief Adelabu described the Uquo gas facility as a huge investment and evidence of Savannah Energy’s confidence in Nigeria’s economy. He appealed to other companies in the gas industry to emulate Accugas so that Nigeria’s power challenges can be addressed.

Chief Adelabu said: “We are calling on other companies to emulate the activities of Accugas so that the unreliable supply of gas that we have will be a thing of the past. They have been tried, they have been tested and they are trusted. One other thing I also noted is their investment in a new gas compressor to boost pressure for gas supplies. It is a significant investment. We really appreciate it, and we will continue to be partners”, the Minister said.

Regarding the company’s social impact projects, Chief Adelabu said: “I want to also thank you for the jobs you have created directly and indirectly, the CSR projects executed and for the safeguarding of the environment. We don’t want you to relent. We want you to do more to continue your expansion plans, so that you can supply more gas.”

The Managing Director of Savannah Energy, Nigeria, Pade Durotoye, said that the company supports the Federal Government’s adoption of natural gas as a transition fuel in Nigeria’s net-zero pathway, particularly power generation. This is why Accugas has invested in building a nameplate 200 MMscfpd processing facility, supported by a ~260km pipeline network solely for the domestic market.

Durotoye said: “All our gas is consumed domestically, with 80 percent being sold to power generation companies, which account for approximately 20 percent of Nigeria’s thermal generation capacity for the grid. In addition, the gas supplied by Accugas enables about 10% of the country’s cement production.”

He stated that Accugas has invested an additional US$45 million in a new compression system at the Uquo facility that will allow the company to continue to provide reliable gas supplies to customers for years to come. The system comprises two parallel trains with a capacity of 160 MMscfpd each and is designed to increase the gas export pressure to a maximum of 81 bar gauge. The project is expected to be completed and operational later this year.

spot_img
spot_img

Hot this week

NCDMB, Coppercrux Engage South-South Youths on CNG Technologies, Opportunities in Value Chains

The Nigerian Content Development and Monitoring Board (NCDMB), in...

Fidelity Bank Champions Africa’s Export Growth at FNITCC Atlanta 2025

Leading financial institution, Fidelity Bank Plc has announced plans...

NAICOM, CAC Partner for 12- Month Recapitalisation Timeline

The Management of the National Insurance Commission (NAICOM) paid...

Fidelity Bank to Host Eduthrive Conference to Empower School Owners Ahead of New Academic Session

Leading financial institution, Fidelity Bank Plc, is set to...

Japan Designates City of Kisarazu as Hometown for Nigerians

Mrs. Florence Akinyemi Adeseke, Nigeria’s charge d’affaires and Yoshikuni...

Topics

Great Nigeria Insurance Debunks Publication on Sale of its Annuity Business

The attention of the Board and Management of Great...

INEC Publishes Notice of Anambra State Governorship Election Nov 6

The Independent National Electoral Commission (INEC) held its regular...

Bayo Adeyinka Secures Freedom for 8 Inmates, Donates Medical Supplies to Mark 50th Birthday

Fourth from left, Deputy Controller of Corrections (DCC) in...

NIGERIA BUILD EXPO 2019 Set for June 27

Nigeria Build Expo: 4 TH International Construction and Building...

CBN: Anchor Borrowers’ Programme Loan Repayment Tops 52.39% in Feb 2023

  The Central Bank of Nigeria (CBN) says it remains...

CHI Renews N24m Accident Insurance Cover for Journalists

Eddie Efekoha Group MD/CEO CHI Plc Consolidated Hallmark Insurance (CHI) Plc has...

Stanbic IBTC:  Winners Emerge in Reward4Saving Promo Season 2

Stanbic IBTC Bank Plc, a subsidiary of Stanbic IBTC...

COVID-19 Learnings – A Bird’s Eye View

Gradually, the COVID-inspired lockdown has begun easing up. As...
spot_img

Related Articles

Popular Categories

spot_imgspot_img