Efforts by the organised private sector to augment government’s capacity to increase electricity generation and water supply in the country have brought together Evolve Trading & Investment Limited and Awaritse Nigeria Limited in a mutual partnership.
The partnership was recently announced by representatives from both organisations after a successful MoU meeting in London.
The two companies will leverage cutting edge technology which has the unique ability to process crude locally while at the same time generate electricity and water for the domestic market.
According to a statement sent to BusinessDay, “This negates the need to transfer the crude feedstock via third party pipelines or by road for further transportation by sea to a foreign destination only to be re-imported as refined products. This simple process has the benefit of reducing the risk to almost zero as the processing; power generation and reverse osmosis is all done in one location with the range of outputs being immediately available.”
The technology, the partners said, has an edge over the standard refining process which does not produce the additional output of electricity and drinking water.
Evolve sees the technology known as Genesis Life Cube (GLC) as the first building blocks needed in order to expand the socio-economic benefits to areas where it is sited. The company said it is committed to the betterment of the local communities. It will provide employment and training to ensure that the communities benefit as much as possible from each system.
It further envisaged that each unit of GLC will provide up to 20MW of power and up to 800,000 liters of fresh drinking water per day based upon a maximum processing capacity of 30,000bpd of crude oil.
“Meaningful discussion has already taken place with the federal authorities- where the outcomes were very favourable indeed.
“Evolve hopes that the momentum currently achieved can be continued and several Genesis Life Cubes are delivered and become operational within the next 3 years. This is surely good news story for the country and any state wishing to support the development of the programme. The legacy of poor electricity supply, expensive refined products, lack of employment and safe drinking water can soon be over,” the statement from Evolve said.
FRANK ELEANYA
