Kwara Varsity,Two Chinese Firms Sign Deal On CNG Conversion

 

    Mohammed Shosanya

 

 

Kwara State University has signed a Memorandum of Understanding with two Chinese corporations-Zhejiang Sinray Electronics Company and Jiaxing Keyuan Electronics to commence large-scale commercial conversion of petrol vehicles to Compressed Natural Gas and electric vehicles.

 

 

 

 

The Vice-Chancellor of KWASU, Jimoh Shaykh-Luqman,who disclosed this on Friday,said the varsity has successfully converted three vehicles to electric and one to CNG.

 

 

 

 

He said the university KWASU is the first institution in the country to accomplish this milestone in collaboration with the two Chinese firms.

 

 

 

 

Prof. Lukman explained that the decision to collaborate with reputable companies for the supply of CNG conversion kits was a proactive measure to ensure quality and prevent the use of substandard products that could pose safety hazards.

 

 

 

 

 

He also said that the objective of KWASU is to scale up conversions significantly to make this cost-effective initiative accessible to a wider audience.

 

 

 

“Kwara State University has effectively converted three of its vehicles to electric motors, as well as one vehicle from the Kwara State Ministry of Business Innovation and Technology,”he said.

 

 

 

 

 

According to him,the skyrocketing petrol prices and the consequent surge in harmful carbon emissions prompted the university to embark on this research, which has already yielded substantial benefits.

 

 

 

He emphasized the advantages of conversion, such as financial savings and environmental gains, stating, “while a liter of petrol costs approximately N1,200, a kilogram of gas is only N200. Furthermore, the risk of inhaling carbon emissions is eliminated.”

 

 

 

 

He announced KWASU’s intent to inaugurate a site for the official launch of the commercial project, ensuring that it will bolster the university’s internal revenue generation services.

 

 

 

 

“When we converted our initial two vehicles to electric, we presented them to Governor Abdulrahman Abdulrazaq, who praised and endorsed our endeavors. Following his endorsement, the Ministry of Business Innovation and Technology entrusted us with three vehicles for electric conversion. We have successfully converted two of them so far,”he said.

 

 

 

 

He said that the governor also facilitated the transfer of 22 vehicles from Kwara Express to KWASU for conversion, and work on these vehicles has already begun.

 

 

 

 

He added:”Recently, we completed the conversion of one vehicle to CNG, allowing it to run on both petrol and gas. We are not novices to this process; we have been engaged in it for some time and are already witnessing promising outcomes.

 

 

 

 

“We are presently in the developmental phase; once we transition to the marketing phase, this project will contribute to the university’s revenue, particularly with the planned site here in town”.

 

 

 

 

 

Sahara Group,Amigo Sign LNG Supply Deal

 

 

Mohammed Shosanya

 

 

Amigo LNG SA de CV (Amigo LNG) of Mexico, a subsidiary of LNG Alliance Pte Ltd, Friday entered into a Heads of Agreement (HOA) with Sahara Group, a leading global energy and infrastructure conglomerate, to supply Liquefied Natural Gas (LNG) from its liquefaction facility in Guaymas, Sonora, Mexico.

 

 

 

This agreement marks a significant step in strengthening long-term LNG supply chains aimed at serving the rapidly growing energy markets in Asia and Latin America,a statement said.

 

 

 

“This agreement strengthens our collaboration with Sahara Group, a dynamic leader in Africa’s energy sector, and firmly positions Amigo LNG as a key player in the global LNG supply market,” said Muthu Chezhian, CEO of LNG Alliance Pte Ltd quoted in the statement.

 

 

 

He added: “Our partnership drives forward our shared vision of delivering sustainable, reliable, and scalable energy solutions to meet the world’s evolving needs. Together, we are committed to advancing energy transition goals, fostering innovation, and expanding access to clean energy resources globally, creating lasting impact and positive change for future generations.”

 

 

 

Wale Ajibade, Executive Director, Sahara Group, expressed enthusiasm about the partnership,saying: “This HOA with Amigo LNG perfectly aligns with Sahara Group’s commitment to bringing energy to life responsibly by facilitating access to clean, reliable, and sustainable energy solutions. By expanding our LNG portfolio, we are reinforcing our dedication to delivering more affordable energy globally.

 

 

“This partnership not only strengthens our foothold in the LNG industry but also positions us to support energy transition efforts.We are excited to collaborate closely with Amigo LNG and look forward to the transformative impact we will create together.”

 

 

The Amigo LNG project, a large-scale 7.8 MTPA liquefaction and export facility located on Mexico’s west coast, benefits from its proximity to key shipping lanes and access to Asia-Pacific markets.

 

 

 

Developed in close cooperation with the State of Sonora and the Port of Guaymas, this facility is a vital component of Mexico’s emerging LNG export industry.

Nigerians Spend N7.6trn Yearly On Petrol,Generator Maintenance-Report

 

Mohammed Shosanya

 

 

A new report by Sustainable Energy for All (SEforALL),Lagos State says Nigerians spend $10 billion (N7.6trillion) trillion) annually on petrol and generator maintenance.

 

The development underscores the country’s heavy reliance on fossil fuels for energy generation,despite huge challenges and environmental concerns,the report said

 

 

According to the report,the high cost of fuel and generator (genset) maintenance place a heavy burden on households and businesses, hindering economic growth and development.

 

 

It said:“Nigerians reportedly spend $10 billion (N7.6 trillion) annually on fuel and maintenance for small petrol genset,” SEforALL said in the report entitled, “Beyond Gensets: Advancing the Energy Transition in Lagos State.”

 

 

The report noted that Lagos State’s heavy reliance on diesel-powered generators has resulted in an alarming environmental toll, with estimated annual carbon emissions reaching 39 million tons of CO2 equivalent (tCO2e), higher than three other African countries such as Rwanda, Gabon, and Togo.

 

 

The report disclosed that emissions from Lagos’ residential, commercial, and market sectors are overwhelming.

 

 

The residential sector alone accounts for 21 million tonnes of CO2 emissions annually, while the commercial sector contributes 17.8 million tonnes, with markets adding a further 141,125 tonnes.

 

 

“Together, these emissions amount to 39 million tonnes of CO2, a staggering figure when compared to emissions from other nations,” SEforALL said.

 

 

According to the report, the average small business in Africa’s biggest economy spends N20,000 to 40,000 per month just on fuel.

 

 

 

“This is the largest cost to many small and medium enterprises (SMEs) in their operations,” SEforALL said.

 

 

“The cost of electricity for petrol generators is 83 percent higher than the cost of electricity from the grid,” SEforALL said.

 

 

 

The report further stated that Togo emits approximately 9.8 million tonnes of CO2 annually, Rwanda 10.6 million tonnes, and Gabon 10.2 million tonnes.

 

 

 

It estimated that Lagos State alone has a generator set capacity of around 19 gigawatts (GW),far exceeding the national grid’s installed capacity of 12.2 GW.

 

 

“This dependency has not only placed Lagos at the forefront of Nigeria’s power generation challenges but has also contributed to a substantial environmental burden,”the report said.

 

 

The report noted that the city’s dependence on gensets is largely a consequence of Nigeria’s unreliable electricity grid, which has long struggled to meet demand due to inefficiencies, underinvestment, and maintenance issues.

 

 

Despite having an installed capacity of 13,014.14 megawatts (MW), Nigeria’s national grid frequently operates below optimal levels, with outages and inconsistent power supply forcing residents and businesses to rely on alternative power sources like generators.

 

 

The SEforALL report emphasized the import of transitioning to cleaner, more sustainable energy sources in Lagos and across Nigeria.

Genesis Energy Partners BPA Komani To Drive Clean Energy Initiatives In Africa

            Mohammed Shosanya
Genesis Energy and Power Limited (GENESIS),a leading energy infrastructure developer, and BPA Komani Ltd (KOMANI), a premier Africa-focused clean energy company,have  announced a strategic collaboration aimed at driving transformational change in Africa’s clean energy landscape.
 The partnership, which was formally signed at the Africa Energy Summit in London, will mobilize capital and facilitate critical infrastructure projects focused on renewable energy, particularly large-scale Battery Energy Storage Systems (BESS) across Africa, a statement said.
According to the statement,the agreement will see both companies leverage their combined expertise in clean energy project development, investment strategy, and capital mobilization to support Africa’s transition to a sustainable and resilient energy future.
 KOMANI will utilize its Africa Clean Energy Fund to attract investment, while GENESIS brings its experience in developing independent power plants and renewable energy solutions,the statement added.
Partnering with KOMANI represents another significant milestone in our commitment to advancing clean energy across Africa,” said Akinwole II Omoboriowo, Chairman and CEO of Genesis Energy.
He added:“As a leading energy infrastructure investor, this collaboration is intended to strengthen our existing cutting-edge solutions, particularly Battery Energy Storage Systems, which are essential for scaling and making renewable energy more sustainable. Together, we will make a tangible impact on Africa’s energy sector, fostering economic growth and sustainability.”
Speaking on behalf of BPA Komani,Paul Andrew, Executive Chairman, noted: “This partnership with GENESIS is a crucial step toward realizing our goal of deploying $200 million in assets through the Africa Clean Energy Fund. Together, we will lead the way in scaling Battery Energy Storage Systems across the continent, providing a much-needed backbone for Africa’s renewable energy infrastructure.”
This strategic partnership follows Genesis’s recent $10 billion Memorandum of Understanding with USAID to deploy energy infrastructure projects across Africa.
Group Decries Electricity Supply Hitch, Fuel Scarcity

Coalition for Affordable and Regular Electricity (CARE), has decried the current epileptic power supply and fuel scarcity,saying Nigerians are subjected to monumental suffering on account of the twin issue.
The  group in a statement by its national coordinator,Chinedu Bosah,and secretary,Monsuru Shoyombo,said the hardship is unbearable in view of  the fact that the only alternative for a number of people is the reliance on private expensive electricity generation through generator sets.
 The group said,the ongoing fuel scarcity has made it extremely difficult to generate electricity at homes and businesses and as a consequence, the cost of living has increased.
According to the group,it is unthinkable that Nigeria is stewing in crisis despite a global comparative advantage it  is supposed to have in electricity through  gas, abundant solar, wind and hydro reserves while it is also a major crude oil producer.
It said since November 2013 when the power sector was privatized, the story has been constant darkness, tariff hikes, outrageous estimated (crazy) billings and bailout of irresponsible and inefficient power sector companies.
It added that   between 2005 the process of privatizing began and today, over $15 billion has been expended on the power sector including the senseless bailouts.
It maintained that the current fuel scarcity and poor electricity supply are further evidence of the failure of the Buhari-led regime and the capitalist policies (privatization, deregulation etc).
It said:”These two sectors are overwhelmingly under the control of the private sector profiteers with the self-serving government playing a bell boy role as so-called regulator. Privatisation and deregulation have only put more money in the pockets of a few privileged and greedy individuals leaving the vast majority of the working masses in more misery and crises.
” The irony of it all is that the same Buhari-led capitalist government often claims paucity of funds when it comes to public education, healthcare and basic amenities and as a result these critical sectors are underfunded. Besides, the government keep borrowing trillions of Naira only to squander most of it including public funds generated on white elephant projects and bailout of weak and inefficient private companies and capitalist elite.
“Coalition for Affordable and Regular Electricity (CARE) calls on Nigerian workers and electricity consumers across communities to resist tariff increment and struggle for massive public investment, free prepaid meters for all consumers and uninterrupted power supply. The leadership of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC) must end their strategic partnership with the self-serving bourgeois ruling elite and mobilize the working class and the poor masses to reverse the privatization and deregulation policies.
“Fundamentally, the way forward is the renationalization (public ownership) of the power and oil sectors, massive public investments and democratic control and management by the working class and consumers”
 Seplat Energy Set To Acquire Mobil Producing Nigeria Unlimited 

ExxonMobil is making  moves  to sell  its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited.
The sale, when finalised, will include the Mobil Development Nigeria and Mobil Exploration Nigeria equity ownership of Mobil Producing Nigeria Unlimited, which holds a 40% stake in four oil mining licenses, including more than 90 shallow-water and onshore platforms and 300 producing wells.
 In a release signed by the company’s Manager, Media and Communications, Ogechukwu Udeagha, the oil giant assured the sale will not result in any loss of employment.
He said the latest development,  will allow it to prioritize competitively advantaged investments in its strategic assets, and it supports the Nigerian government’s efforts to grow its oil and gas operations,
“This sale will allow us to prioritize competitively advantaged investments in our strategic assets, and it supports the Nigerian government’s efforts to grow its oil and gas operations,” said Liam Mallon, president, ExxonMobil Upstream Oil and Gas. “We value the relationships we have spent decades building with the government and people of Nigeria, which will continue as we maximize the value from our deepwater operations.”
 “ExxonMobil will maintain a significant deepwater presence in Nigeria, including interests in the Erha, Usan and Bongadevelopments via Esso Exploration and Production Nigeria Limited and Esso Exploration and Production Nigeria (Deepwater) Limited.The sale will not result in any loss of employment and is expected to close later this year subject to regulatory and other approvals”. it assured
Sahara Invests $742m In  Host Community Growth

Sahara Group has announced  its commitment to host communities enabled its investment of $742 million in community development with a focus on COVID-19 relief support.
The company has also  committed $44 million for the construction of Liquefied Petroleum Gas LPG) facilities within the West African sub-region to ensure steady availability of cleaner energy sources for the global market.
Its Director of Governance and Sustainability, Ms Pearl Uzokwe, disclosed  this as part of the highlights of the group’s 2020 Sustainability Report.
The report themed, “Leveraging Disruption for Growth and Innovation,” underscored how Sahara continues to leverage innovation and technology in achieving its corporate goals and sustainability ambitions across its businesses in Africa, Asia, Europe, and the Middle East.
She said:“Further, a commitment of $44 million for the construction of Liquefied Petroleum Gas (LPG) facilities within West African region was made as well as the purchase of two additional LPG vessels to ensure the availability of cleaner energy sources for our global market.
“Our commitment to host communities enabled our investment of $742 million in community development with a focus on COVID-19 relief support,” Uzokwe said.
The  group also fixed all cables and panels for the rural electrification project in Ajoki, one of its host communities, with a plan to deliver the project by 2022.
 She noted these further demonstrates the company’s progress on the sustainability journey, stressing that the 2020 sustainability report further underscored the group’s commitment to creating shared value for its various stakeholders through economic development, protection of the environment and building a sustainable society.
She stated that Asharami Energy Limited, a Sahara Group upstream company, recorded an improved performance in responsible procurement with 92 per cent of its suppliers assessed for environmental risks in 2020.
ECOGAS Opens New Gas Refilling Plant,Deepens Use Of  Clean Energy 

Ecogas Opens New Gas Refil Station In Abeokuta - AMEBO ONLINE NEWSPAPER
ECOGAS Energy Resources Limited has acquired NUGO Gas Limited and upgraded the plant at Olomoore, Abeokuta, the Ogun State capital under Ecogas popular brand franchise.
While speaking at the event, the Founder and Chief Executive Officer of the company, Chief Shina Luwoye said the new plant is in line with the company’s quest to be a major player in the LPG bottling business in Nigeria, saying it is also to champion use of clean and affordable LPG for most domestic and commercial use.
He said one of the visions of the company, is to contribute to the socio-economic development of the country by paying taxes and be responsible to all their shareholders.
He revealed that the new plant is the 9th one for the company and the 7th one, domiciled in the state since it’s establishment.
Luwoye disclosed that the vision of the company is to take 1,000 job seekers off the streets for employment.
His words: “The major and social problem confronting Nigeria now is unemployment. When you go around 8 am to 2 pm you will see the number of children on our roads going to schools or coming out of schools, you must be disturbed that how do we cater, provide secured employment for this teeming generation that will be ready for employment market in the next few years”.
“Every person God has blessed in this country economically, financially or otherwise must be thinking on what can be done for the coming generation, how to secure their future in order for the older generation to also have peace of mind at the end of the day. Principally, I think of a better Nigeria, where all graduates can be fully employed as soon as they get out of their schools” he submitted
He added “Beyond having a company, the most important thing is what will the company offer to the society? For EcoGas, the major thing we want to offer to the society, is, easy access to gas for more people to use and to keep running a company that contributes to the social development of the country, pay our taxes and be responsible to our shareholders and overall, we want to create employment for more people”.
For better customer relations, transparency and better service delivery, Luwoye said the company has introduced cylinder check scales in its plants, saying customers are the major stakeholders of the company.
He explained “that thanks to her founders, the plant under NUGO Gas Ltd had been existing for over 15 years at the Olomore, Abeokuta and it will continue to exist now as a fully owned subsidiary of Ecogas Energy Resources. The strong personalities of Ecogas;365 days availability, fast and accurate filling scales, ambient filling environment and, warm and well-trained staff, have been brought to bear as a result of the acquisition and Ecogas brand identity.
According to him, “ECOGAS is a very matured wine that has just been brewed in a new bottle. What we resolved to do is to give it a brand identity and the strong identity inherent in ECOGAS brand. When you are buying actually you are buying from Nugo gas and it is just ECOGAS that is running it”.
Speaking on the hike in the price of gas, Luwoye said “I want to assure Nigerians that it is not going to be permanent. I can tell you very soon we will see a nose dive price of LPG in Nigeria”.
The oil industry is denominated in dollars; therefore, we exchange services for dollars on all fronts. The expatriate working for you will be paid in dollars, the rig, the plant for production is paid for in dollars, hence the pull principle that is at work within the industry. However, we are optimistic that things will ease off as we move to the first quarter of 2022 across international and domestic oil markets”
Luwoye who lamented the multiple taxations in the petroleum and gas sector appealed to the Federal government to ease ways of doing business in the petroleum and gas sector of the country.
He said “There have been multiple taxes in the sector by governments in recent times.  The VAT and PPPRA charges on LPG translate to high pricing on every purchase because each 12.5kg consumers buy in the market government has imposed additional taxes; increasing the original landing cost to as high as an extra N5”
He appealed to the Federal Government to see to adjust the multiple taxations so that LPG use can continue to grow in line with the aspirations and the agenda of the PMB government.

Okunbor spoke while delivering the 51st Founders’ Day Lecture of the University of Benin, titled, “The Global Energy Transition and The Imperatives for Nigeria.” He called for an urgent optimisation of Nigeria’s energy resources for speedy economic and industrial development of the country.
He said, “Nigeria has gas in abundance – around 202 trillion cubic feet of proven gas reserves and about 600 trillion cubic feet of unproven reserves. Harnessing these vast gas resources, and on time too, is key in the next decade of Nigeria’s existence.”
According to him, the second approach for Nigeria’s successful energy transition would be an intentional growth of the off-grid power and renewables industry taking advantage of foreign financial support and technology transfer.
Okunbor stated, “The on-going energy transition is here with us. As with other transitions, it is a journey that will involve multiple approaches, collective action and undoubtedly present new challenges and opportunities.
“Nigeria is well positioned to ride the wave of the current energy transition with its abundance of natural fossil fuels and renewable solar energy. We need to move with a greater sense of urgency and a clear sense of direction.”
Okunbor, who is also the Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC), said, “Nigeria, as a country with abundant natural fossil fuel resources, cannot afford for international and multilateral agencies to stop funding the development of fossil fuels, particularly gas projects.
“The transition is underway,” Okunbor said, “but it will move at different paces and produce different outcomes in different countries, depending on local factors. Society, as a whole, faces a dual challenge to transition to a low-carbon energy future, dealing with how to manage the risk of climate change, while also extending the benefits of energy to everyone on the planet. This is a challenge that requires changes in the way energy is produced, used and made accessible to people.”
Despite the efforts at decarbonisation, Okunbor said oil and gas would remain in the energy mix for some decades to come. He said, “This is partly a consequence of the time needed for renewables to reach the necessary level of materiality. In part, it is also a consequence of the lack of substitution options in some parts of the economy. But the world will need to meet its energy needs at the same time as it tackles climate change.”
He noted that to make the federal government’s ”Decade of Gas” agenda a success, the country would need to unlock the domestic gas-to-power value chain; accelerate infrastructure development; drive gas-based industrialisation; and deepen domestic liquefied petroleum gas penetration.
A.B.C. Orjiako  Quits As Chairman of Seplat Energy

Seplat Energy Plc has  announced that  its chairman, Dr. A.B.C. Orjiako,has  to step down  from the Board of Directors of the company.
Dr Orjiako notified the Board of Directors of his decision November 17, 2021,according to a statement.
In order to facilitate an orderly transition Dr Orjiako will remain as Chairman until the next Annual General Meeting in May 2022, when an Independent chairperson will take over.
Dr A.B.C. Orjiako is the co-founder and pioneer of Seplat Energy. Since 2009, as Chairman of the Seplat Energy Group, Dr. Orjiako has taken the Company through a number of acquisitions and was the driving force behind Seplat Energy becoming the first and only Nigerian corporate to dual list on the Nigerian Stock Exchange and the Main Board of the London Stock Exchange in 2014.
The Board of Seplat Energy   thanked its Chairman for his strategic vision, drive and limitless energy to create Nigeria’s leading indigenous independent energy company.
Dr. A.B.C. Orjiako, Chairman of Seplat Energy plc, commented: “The past twelve years at Seplat Energy have been exhilarating for me.  As Chairman, I am proud that the Board, Management and entire Staff of Seplat Energy were able to achieve several enviable milestones and exceptional successes, notably the acquisition of eight oil and gas assets, expansion of the Oben and development of the ANOH gas plants and the dual listing on both the Nigerian and London Stock Exchanges – a first by a Nigerian company”.
“While there were challenges along the way, we overcame these by the special grace of God, the outstanding performance and professionalism of each member of the Board and Management, and the sterling efforts of our staff.  I will continue to give my utmost energy and commitment to the Company until I step down from the Board at the next AGM,” he said.
 Mr. Basil Omiyi, a Senior Independent Director of Seplat Energy plc, commented: “On behalf of all members of the Board, I would like to thank Dr A.B.C. Orjiako for his immense contribution as a co-founder and Chair of Seplat Energy since inception.”
“He has been Chairman during both exciting and challenging times, and his dedication has been constant throughout.  The Board and Management look forward to working with him during the transition period and we will miss his insight, expertise and leadership when he finally steps down in May,” Omiyi said.
The Seplat Energy Chairman’s decision to step down and be replaced by an Independent Chairperson is a testament to the strong corporate governance and best practices he instilled in the Board.