Savannah Energy boosts gas supply to TransAfam Power Limited

Savannah Energy Plc has declared that its local subsidiary, Accugas Limited, has commenced gas sales to TransAfam Power Limited (“TAPL”) in relation to the provision of gas for use at its power plants in Rivers State, Nigeria.

“As previously announced, Savannah signed an interruptible gas sales agreement (GSA) with TAPL to supply up to 35 MMscfpd daily for an initial three-month period, with the option to extend for a mutually agreed period. The plant is connected to the Accugas network via the Nigerian Gas Company pipeline from Ikot Abasi.”

Chief Executive Officer of Savannah Energy, Mr Andrew Knott, said: “I am delighted to report we have already begun first gas sales to TAPL, having signed an agreement at the beginning of this month. This will be the third customer we have commenced new gas supply to in the past month. We have now signed and operationalised GSAs with power plants comprising around 24% of the country’s thermal generation capacity (up from 14% at the same time last year) demonstrating our dedication to the Nigerian industry and being the energy partner of choice.”

Managing Director and Chief Executive Officer of TransAfam Power Limited, Mr Vincent Ozoude, commented: “We are pleased that the gas supply from Accugas Limited to our plant has commenced. This, as earlier mentioned, will support in boosting our plant capacity recovery programme and improving power generation to the country.”

Also speaking on the development, the President of Transcorp Group, Mrs Owen Omogiafo, said: “The commencement of the gas supply by Accugas Limited to our subsidiary TransAfam is in line with our strategic intent of increasing power generation in Nigeria, noting the role of energy in the nation’s development. We remain committed to optimising our installed capacities across our various plants, as leaders in the sector.”