Going by the cost-effectiveness and eco-friendliness of gas-to-power solutions in the country, Viathan Group of Companies is finalising plans to extend electricity access in the Southwest by expanding the capacity of its Compressed Natural Gas (CNG) Plant in Abeokuta and constructing additional power plants to better feed the states in the region.
Operated by its subsidiary – Gasco Marine Limited, with an installed capacity of 144,000 standard cubic meters per day, Viathan Group of Companies says it has N2 billion CNG Plant in Abeokuta, Ogun state capital, which in addition to serving some off-takers within Southwest and Kwara state supplies gas to six power plants in Lagos and Abeokuta.
Speaking at the unveiling of the PRMS and CNG Trucks in Lagos recently, Habeeb Alebiosu, chief executive officer of Viathan Group, said that efforts are ongoing to increase access to electricity in Southwest through dedicated captive and embedded power solutions and supply to commercial and residential markets and offer reliable gas to off-takers, mainly, manufacturing factories to increase productivity in the region.
“The giant strides we are taking towards increasing access to electricity; gas is a major part of that story, it’s a major part of that effort. 80% of gas currently produced in this country is for gas-to-power solutions and we aware that gas offers considerably, reduction of emissions level compared to alternative solutions in the market today which is predominantly diesel,” Alebiosu said.
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While explaining that 80% of gas currently produced in Nigeria is for gas-to-power solutions, Alebiosu disclosed that another gas and power plants would soon be inaugurated in Abeokuta, being a gateway to Southwest markets, having signed a Memorandum of Understanding with Ogun State Government on improved electricity distribution in Abeokuta and its environs.
“For us, we want to contribute to that effort, we have been very active in providing opportunities in Lagos and beyond as it relates to natural gas vehicles as we have from gas-fired trucks, we will start switching our plants buck-up facilities which are currently diesel-based to battery-based. In all, these solutions are cheaper and more eco-friendly”, he said
