Business
Oando Supplies Electricity To Industrial Customers
The Chief Executive
Officer (CEO), Oando Gas and Power, Mr Bolaji Osunsanya, said about 130 industrial customers had been connected to its gas pipeline grid for their electricity needs.
Osunsanya disclosed this in a statement issued by the company in Lagos.
He also said the company had embarked on the expansion of its gas pipeline in Lagos to ensure steady supply of “clean, safe and environment-friendly gas fuels”, stressing that the target, he said, was to keep the industries running profitably.
The CEO disclosed that 14 new customers would be hooked to the company’s gas grid, once the expansion of the Ijora to Marina pipeline was completed.
According to him, the new pipeline will serve other areas including Apogbon, Marina and Lagos Island.
“The enumerated customers on the new project will be about 14 customers but is not about the number but the quantum of gas in use.
“We are targeting about 10 megawatts on Marina and also some potential customers within Ijora axis.
“We are excited about the size of purchase of gas by customers and not the number of customers connected to the segment,” he said.
Osunsanya said that cost efficiency and environmental friendliness were some of the reasons why many companies opted to use gas for their operations.
The CEO said that the project, which started in 1999, had recorded tremendous patronage by companies in Lagos, adding that the services would be extended to other parts of the country and West Africa.