Oando Highlights Okpai Plant's 15% Contribution to Nigeria's Power Supply

Oando Energy Resources (OER), a subsidiary of Oando Plc, has engaged with Nigeria's Minister of Power, Joseph Tegbe, to highlight its contributions to the nation's energy sector, particularly in gas-to-power projects and the utilization of domestic gas resources. The meeting underscored the collaborative efforts between the private sector and the government in addressing Nigeria's energy challenges.

During the session, OER's Managing Director, Dr. Ainojie Irune, detailed the capacity of the company's gas assets. He noted that the Okpai Independent Power Plant (IPP) is a significant contributor to the national grid, supplying roughly 15% of Nigeria's total electricity and providing power to an estimated 50 million people. Irune emphasized the plant's consistent and reliable operational history, describing it as a crucial "black start" facility.

“

Domestic capacity is not only an imperative now, but it is also the only way we get out of an economic crisis.

Irune articulated Oando's strategic shift towards gas, viewing it as fundamental to Nigeria's economic future. "Domestic capacity is not only an imperative now, but it is also the only way we get out of an economic crisis," he stated, stressing that building a productive economy and fostering industrialization necessitates sustained investment in essential infrastructure, including power.

Furthermore, Oando Clean Energy (OCEL), established five years ago, is actively exploring innovative energy solutions. This includes investigating the potential of blending gas, solar, wind, and hydro resources to enhance access to reliable and affordable power across the continent. Irune cited a pilot project repurposing abandoned oil wells for geothermal-style power generation as an example of the creative, indigenous solutions required for the sector's advancement. He stressed that Nigeria's energy transformation is a shared responsibility, calling for a long-term commitment from both government and industry to achieve the sector's roadmap.

“

The ambition is not yours alone.