Heirs Energies, the largest indigenous-owned energy company in Africa, led by prominent Nigerian business executive Tony Elumelu, has unveiled a significant expansion of its gas supply operations. This expansion aims to bolster the recently inaugurated 188 MW power plant operated by Geometric Power in Aba, situated in the Eastern region of Nigeria.
Building upon its existing gas supply commitments to TransAfam Power Limited, boasting an impressive capacity of 966 MW, and First Independent Power Limited (FIPL) with a capacity of 541 MW, Heirs Energies solidifies its presence in Nigeria’s three major power plants. This move underscores the company’s pivotal role in the nation’s energy sector.
From 27,000 to 40,000 bpd: Heirs Energy sets new standard in Nigeria’s energy landscape
Heirs Energies, the exclusive operator of OML 17 in Nigeria’s Niger Delta, has achieved a remarkable milestone since its launch in January 2021. The company has increased its daily oil production from 27,000 barrels per day (bpd) to an impressive 40,000 bpd within just three years, showcasing its commitment to sustainable energy practices and active community engagement.
Expressing satisfaction at the firm’s growing influence, Osa Igiehon, CEO of Heirs Energies, stated, “Our ability to sustain gas supply to these three major power plants underscores Heirs Energies’ unwavering commitment to illuminating Nigeria and advancing our nation’s pursuit of economic and social advancement. We are not merely stakeholders in the energy realm; we are catalysts for growth and progress, driven by a mission to ensure Nigeria’s natural resources benefit its populace.”
Elumelu’s leadership drives Heirs Energies to success through strategic acquisitions and operational excellence
The recent success of Heirs Energies is linked to strategic acquisitions and operational excellence under the leadership of Elumelu, who also chairs Heirs Holdings, Transcorp Plc, and United Bank for Africa Plc. The company’s acquisition of oil license OML 17 involved an eight-year, $1.2-billion transaction, solidifying joint venture partnerships with major players in the industry.
Heirs Energies’ latest expansion in gas supply operations aligns with its overarching mission to play a transformative role in Nigeria’s energy sector. The company’s commitment to powering the nation and driving economic and social progress remains steadfast, solidifying its position as a key player in Africa’s energy landscape.