NIGERIAN BUSINESS MOGUL SIGNS A DEAL TO BUILD A GAS PLANT AFTER BUILDING A REFINERY TO RIVAL DANGOTE

BUA Group and CIMC ENRIC have joined forces to build a mini LNG project in Nigeria, enhancing BUA Group's power-generating capabilities. 

  • The 700-ton-per-day facility aims to boost the availability of cleaner energy year-round, meeting the group's growing demand for power.
  • The BUA Group announced through a statement that the signing ceremony occurred at its Lagos headquarters on Monday, December 18, 2023.

BUA intends to expand its operations into the realm of sustainable energy.

The collaboration marks a notable stride in the group's venture into the energy industry and its dedication to promoting sustainable energy in Nigeria.

source: Google 

Abdul Samad Rabiu, the Chairman of BUA Group, assured that the company will persist in adopting cleaner energy sources throughout the country, aligning with its short-term and long-term ESG commitments and sustainability initiatives. 

Rabiu emphasized that, in addition to utilizing gas extensively in its 1,000MW captive power plants, the upcoming mini LNG project will enhance the consistent availability of clean energy, bolstering the group's power requirements.

He said: 

“We are excited about the prospects of this project and look forward to a fruitful collaboration with CIMC ENRIC.” 

Source: Google 

The project aims to influence BUA's host communities positively. 

According to ThisDay news report, the agreement underscores the anticipated effects of the project on the regional energy landscape, in line with Nigeria's strategy to broaden its energy engagements.

Rabiu emphasized the company's dedication to investing in cutting-edge technology, infrastructure, and benefits for both its operations and the communities it serves.

BUA Group stands as a prominent entity in Nigeria, excelling in food, mining, manufacturing, and infrastructure, with diverse interests spanning cement, sugar, real estate, construction, oil and gas, energy, rice, port operations, and logistics.

source: legit.ng 

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