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Heirs Energies expands gas supply to Geometric power plant Aba

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Heirs Holdings to Lead Africa’s Digital Evolution, Launches Heirs Technologies

Heirs Energies says it has expanded its gas supply business to the newly-opened 188 megawatt power plant operated by Geometric Power Limited in Aba, Abia State.

The company in a statement on Wednesday disclosed that it has been providing gas to TransAfam Power Limited, which has a capacity of 966MW, and First Independent Power Limited, which has a capacity of 541MW, to supply the Nigerian National Grid.

The Chief Executive Officer of Heirs Energies, Osa Igiehon, said, “Our ability to supply these three major power plants demonstrates Heirs Energies’ dedication to lighting up Nigeria and supporting our country’s journey towards economic and social prosperity. We are not just participants in the energy sector; we are facilitators of growth and development, driven by a mission to ensure that Nigeria’s natural resources benefit its people.”

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Heirs Energies, which was founded in 2021, operates OML17 and related infrastructure.

All gas produced from OML 17 is supplied to the domestic gas industry.

The company said that it was “pioneering a new era in Nigeria’s energy sector. With the operation of OML17 and its associated assets, the company has been pivotal in ensuring a reliable and sustainable gas supply, directly contributing to the nation’s industrial and economic growth”.

“Heirs Energies’ gas supplies to these critical power plants not only reinforce its major role in Nigeria’s energy sector but also underscore its strategic vision in developing operational synergies throughout the energy value chain.

“Creating a Nigerian champion in domestic gas supply represents a further example of Heirs Holdings’ role as a long-term strategic investor in the Nigerian energy sector, with interests in the recently listed Transcorp Power Limited, TransAfam, and Abuja Electricity Distribution Plc, and as an operator of oil-producing assets more than 50,000 barrels of oil equivalent per day (boe/d),” it noted.

According to the firm, with a unique vision of ensuring Africa’s natural resources serve Africa’s interests, it is driven by founder Tony Elumelu’s Africapitalism philosophy of ensuring businesses deliver economic and social benefits to stakeholders.

Heirs Energies’ gas plant in Agbada, Rivers State, produces over 80 MMSCFD (million standard cubic feet per day) of gas.

 

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1 Comment

1 Comment

  1. Mickykarim

    March 11, 2024 at 4:51 am

    And Bode George said he has no industry that made him a billionaire. He should show this to the empty boaster UNPRINCIPLED lout who has rescinded relocating out of Nigeria since President Tinubu resumed office as the head of state.

    The Bode George who cannot keep his words accuses another person of making something out of nothing.

    WE SHOULD ASK Bode ABOUT WHAT HE HAS BEEN ABLE TO CREATE IN HIS LIFTIME.

    One EMPTY old goon!

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