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Savannah Energy PLC - African‑focused energy company - Subsidiary Accugas has started gas sales to FIPL Afam, First Independent Power Ltd's power plant in Nigeria.
Accugas has started gas deliveries to FIPL Afam of up to 35 million standard cubic feet per day. Power plant has a power generation capacity of 180 megawatts.
"First gas sales to FIPL Afam represents a great milestone for Accugas and Savannah, and the achievement of a key performance goal for 2021. This marks our entry into the high growth Port Harcourt Industrial area. We look forward to developing our relationship further with FIPL over the coming months and are excited to continue our role as the gas supplier of choice to the Nigeria power sector," says Chief Executive Officer Andrew Knott.
Current stock price: 19.25 pence
Year-to-date change: up 41%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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