Firm pledges commitment to West Africa’s industrialisation
Gas and power portfolio company, Axxela Limited, has pledged its commitment to West African sub-region’s industrialisation through the build-out of its natural gas infrastructure.
Speaking at Gas Forum (GGF) held in Accra, Ghana recently, the company’s Head of Sales and Marketing, Tunde Baba-Agba, said, “Natural gas is now highly regarded as a key resource of the energy sector, and a key component geared towards value creation for West Africa’s economies. We’re confident that our strategic initiatives and the expansion of our operational footprint particularly within the virtual pipeline, gas processing and distribution, and embedded power spaces will help unlock the vast potential within important economic clusters across the region.”
For Helios Investment Partners, LLP Portfolio Company, Axxela is a designated natural gas shipper on the West African Gas Pipeline (WAGP). The company is also the pioneering private sector-led developer of natural gas distribution in Nigeria, delivering at peak 80 million standard cubic feet per day to over 175 industrial and commercial customers via a vast network of gas infrastructure. With over 280km in gas pipeline infrastructure built, Axxela provides unique energy solutions primarily through its main subsidiaries – Gaslink Nigeria Limited, Gas Network Services Limited, and Central Horizon Gas Company Limited.
Senam Gbeho, Head of the Executive Committee, the Gas Consortium, organisers of the event, said, “By implementing the right policies and decision-making structures, the region’s gas resources would be the catalyst that can eliminate the continent’s distressing poverty levels. With the combined population and market size of the respective countries within the region, a real opportunity exists to collectively leverage existing gas resources, pursuant of an industrialization for economic transformation and social welfare.”
No comments yet