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Seven Energy To Boost Energy Supply To SMEs

Posted: Jul 12, 2015 at 12:00 am   /   by   /   comments (0)

Oladunjoye Phillip, Lagos

Seven Energy International Limited, an the indigenous Nigerian integrated gas company, has said that it would host an interactive forum on  July 14, for small and medium enterprises (SME’s) in Port Harcourt, Rivers State, themed “Gas to Power Your Business.”

The company, which was optimistic that the event would attract several SME’s spanning the Port Harcourt to Aba environs, noted that attendees would learn about the significant competitive advantage the natural gas has over diesel including environmental benefits and lower energy cost per unit.

Speaking ahead of the event, Managing Director, Accugas, Steve Tierney, said, “This forum recognises the significant contribution of SME’s to job creation and income growth and we therefore intend to develop and drive our support to SME businesses and help this important part of the Nigerian economy.

Access to reliable, affordable energy is vital for SMEs to operate efficiently and profitably. Energy costs can run from 40% to 65% of the total cost of production for many SMEs. Better access to energy opens up opportunities for income producing activities.

The forum will explain how switching to Compressed Natural Gas (CNG) is a real alternative, which will have a substantial impact on their competitiveness. Seven Energy, through its wholly owned subsidiary, Accugas, has built up infrastructure and a reputation for the reliable supply of high quality gas to sustain business operations for many large industrial customers. We want to bring this value and reliability to the bedrock of the Nigerian economy, SMEs.”

He said Seven Energy has continued to champion an industrial gas revolution through the development and production of natural gas, and, critically, its commercialisation through investment in processing and distribution infrastructure, where the company has invested over $1 billion in the south east region of the Niger Delta in the last five years.

He noted that with significant capacity built into its distribution infrastructure, the company is capable of providing a long-term supply of gas to additional off-takers for power generation and for local industry.

Seven Energy, he said, has a growing list of gas off-takers such as Notore Chemical Industries Limited, Rivers State; Alaoji NIPP, Abia State; Ibom Power Station, Awka Ibom State; United Cement Company of Nigeria and Calabar NIPP both in Cross Rivers State.