dark

Accugas signs new gas sales agreement with TransAfam Power

Gas pipelines

Accugas Limited, a subsidiary of British independent, Savannah Energy PLC, has entered into a new gas sales agreement (GSA) with TransAfam Power Limited (TAPL) for the supply of gas to its power plants in Rivers State, Nigeria.

TAPL is a licensed power generation company in Nigeria, and is the core investor in the Afam Power Plc and Afam Three Fast Power plants located in Okoloma, Rivers State, with installed capacity of 966MW.

Under the terms, TAPL will supply up to 35 MMscfpd of gas on an interruptible basis for an initial term of three months, with the option to extend for a mutually agreed period, Savannah Energy said in a statement.

The plant is connected to the Accugas network via the Nigerian Gas Company pipeline from Ikot Abasi and no further tie-in or capital expenditure is required by Accugas to deliver gas to TAPL.

Chief Executive Officer, Savannah Energy, Andrew Knott, was quoted: “I am delighted to add TAPL as a new customer of Accugas. This represents the second new GSA we have signed this year, bringing our total number of gas customers to seven, as we deliver on our objective to be the gas supplier of choice to the power sector in Nigeria.”

Also, the Managing Director/CEO, TransAfam Power, Vincent Ozoude, said: “We are excited to start this journey with Accugas Limited which supports our core purpose of improving lives and transforming Nigeria.

“This relationship with Accugas should go a long way in boosting our plant capacity recovery programme and improved power generation to the country.”

TAPL will supply up to 35 MMscfpd of gas on an interruptible basis for an initial term of three months, with the option to extend for a mutually agreed period.

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post

UN seeks investment in children’s environmental education

Next Post

Fidelity Bank bags Best SME Bank in Nigeria award

Related Posts
Total
0
Share