• Contact Us
  • About Us
Monday, August 24, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Energy

Power: Indigenous Coy signs 20 mega watts gas fire power plant MoU with Highland Energy

metro by metro
December 27, 2018
in Energy
0
$5 billion trapped under Anambra basin as huge gas reserve remains stranded
0
SHARES
0
VIEWS

The Atlanque Marine Engineering Services (AMES) on Thursday signed a Memorandum of Understanding (MoU) for the development of a 20 mega watts Gas Fire Power Plant with High Land Energy Solution Services Ltd (HESSL)

Dr Charles Akhigbe, Chief Executive Officer of AMES, told newsmen shortly after signing the agreement that the MoU was imperative, in view of the almost zero-power situation currently in Benin, the Edo capital.

Read Also

IEA Cuts 2026 Oil Demand Forecast Again As Hormuz Remains Shut

Amid Generous Tax Waivers, Nigeria’s EV Ambitions Run Into Reality Of Weak Electricity Supply

Amid Electricity Rationing REA Says 15 Universities Now Fully Connected To Solar Farms

Akhigbe said the gas-fired power plant would help drive the AMES 250,000 tonnes pipe mill and coating plant expected to commence operations soon.

He said that power would also be extended to Utesil community, where the Pipe Mill and Coating plant was located, as part of its Corporate Social Responsibility.

He said that the Pipe Mill and Coating plant was expected to be scaled up to 5,000,000 tonnes per annum within the next five years, adding that the plant would employ a total of 1,000 direct and indirect staff.

The Managing Director, HESSL, Dr Akinpelu Shogunle, said the MoU was in furtherance of the goals and objectives for the Captive Power Project Concession at Agbonmoba Village, in the Ikpoba-Okha Local Government Area of Edo.

Shogunle said the concession was for the AMES Pipe Milling and Coating Plant Factory, AMES Edo Inland Dry Port, as well as the AMES Resort & Estate.

He said HESSL, as the Project developer, in conjunction with VTT LNG (WEST AFRICA) Ltd, had proposed an LNG/CNG Dual fuel-fired Gas Combustion Electricity generation Independent Power Producing Technology Platform, to produce and supply metered electricity.

He said the supply would be to the existing and future occupants/users of its designated facilities throughout the perimeter and within the AMES project facilities in Ikpoba-Okha Local Government Area.

The News Agency of Nigeria (NAN) reports that Mr Lee Adams of VTT LNG (West Africa) Ltd was also present during the signing of the MoU.

Tags: gas fire power plant
Previous Post

Vinci to buy majority stake in London’s Gatwick airport for $3.7bn

Next Post

2019: Atiku campaign group promises to deliver 6m votes

Related Posts

IEA Cuts 2026 Oil Demand Forecast Again As Hormuz Remains Shut
Energy

IEA Cuts 2026 Oil Demand Forecast Again As Hormuz Remains Shut

August 12, 2026
Amid Generous Tax Waivers, Nigeria’s EV Ambitions Run Into Reality Of Weak Electricity Supply
Energy

Amid Generous Tax Waivers, Nigeria’s EV Ambitions Run Into Reality Of Weak Electricity Supply

August 12, 2026
Amid Electricity Rationing REA Says 15 Universities Now Fully Connected To Solar Farms
Energy

Amid Electricity Rationing REA Says 15 Universities Now Fully Connected To Solar Farms

July 27, 2026
Business

Nasan Energies Signals a New Era of Indigenous African Energy Leadership Following Landmark Retail Acquisition

July 13, 2026
Next Post

2019: Atiku campaign group promises to deliver 6m votes

Redefining Work For The AI Era

August 24, 2026

Rwanda Highlights Potential for Migration to Drive Jobs, Skills and Regional Growth: IOM Chief

August 21, 2026
UK Finance Minister Says Govt To Cut Cost By 15%

Democratic California State Legislator Wahab Wins US House Of Representatives Seat

August 21, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version