Savannah Energy signs gas sales agreement with TransAfam Power
Savannah Energy announces that it has signed a new gas sales contract with TransAfam Power via its Accugas subsidiary.
In a statement, the company said the deal would expedite the supply of gas for use at the company’s power plant in Rivers State.
TAPL is a licensed power generation company in Nigeria and a lead investor in the Afam Power Plc and Afam Three Fast Power power stations located in Okoloma, Rivers State with a total installed capacity of 966MW.
In a statement on Monday, the company said Accugas has agreed to be able to supply up to 35 MMscfpd of gas on an interruptible basis for an initial term of three months, with the possibility of extending for an agreed period of one month. agreement.
The plant is connected to the Accugas network via the Nigerian Gas Company pipeline from Ikot Abasi and no further connection or capital outlay is required by Accugas to deliver gas to TAPL.
Savannah Energy CEO Andrew Knott said, “I am delighted to add TAPL as a new Accugas customer. This is the second new GAS we have signed this year, bringing our total number of gas customers to seven, as we achieve our goal of being the gas supplier of choice for the power sector in Nigeria.
Vincent Ozoude, MD/CEO of TransAfam Power Limited said, “We are thrilled to begin this journey with Accugas Limited which supports our primary goal of improving lives and transforming Nigeria. This relationship with Accugas should go a long way in strengthening our plant capacity recovery program and improving power generation in the country.