Leading Integrated Energy Company, Tetracore Energy, has joined the Gas Investment Forum as Silver Sponsor.
Gas Investment Forum 2023 is delighted to announce the participation of Tetracore Energy in its upcoming conference, scheduled to take place from October 30th to 31st in Lagos.
Tetracore Energy stands as a leading force in Africa’s energy sector, specializing in the provision of clean and cost-effective energy solutions. With a portfolio that extends well beyond Nigeria, the company caters to a diverse clientele, encompassing power producers, industrial enterprises, and commercial sectors.
The Tetracore Group encompasses an affiliated company and two subsidiaries, each playing a pivotal role across the entire energy value chain. Tetracore Energy Limited, the parent company, leads the charge, while Infini Power Limited (IPL) operates as the Independent Power Producer and Power Infrastructure Vehicle.
Tetracore Energy Limited (Ghana) marks the company’s expansion journey across Africa, while Tetracore Energy Limited (Equatorial Guinea) underscores its commitment to delivering energy solutions beyond Nigeria’s borders. These developments highlight the company’s dedication to extending its footprint across Africa and providing sustainable energy solutions for domestic and industrial consumers
In a forward-looking endeavor, Tetracore Energy, in collaboration with the Nigerian Content Development and Monitoring Board, the Gas Aggregation Company of Nigeria (GACN), and IPL, inked a Power Purchase Agreement (PPA) earlier this year. The PPA’s goal is to provide independent power to the Nigerian Oil and Gas Park Scheme Industrial Park in Odukpani, Cross Rivers State, and Emeyal-1 in Ogbia, Bayelsa State. Facilitated by GACN, this agreement is set to enhance the availability of reliable power for park tenants requiring efficient electricity supply for their operations.
Tetracore Energy has not only entered but has made substantial investments in, developed, and greatly expanded its footprint within Nigeria’s downstream gas and gas-to-power sectors. This expansion has led to a consistent supply capacity that now exceeds an impressive 70 million standard cubic feet per day (mscfd). The company has firmly established itself as a reliable source of gas supply for major entities, thereby making a substantial contribution to the nation’s energy infrastructure.
Additionally, Tetracore Energy is directing its efforts toward delivering liquefied natural gas (LNG) logistics and downstream solutions to meet the energy requirements of Equatorial Guinea’s domestic market. This ambitious project includes the supply of 300 metric tons per day of LNG to power a 38 MW Power Plant and support an annual cement production capacity of one million metric tons at the Akoga, Kogo Cement Factory.
Furthermore, in collaboration with Jakovie Energy, Tetracore Energy leads the development of an Energy Park in Ore, Ondo State. This visionary project involves establishing Small Scale Mini-LNG and CNG facilities with capacities of 10 mscfd and 4 mscfd, respectively.
Tetracore Energy has strategic plans to execute a ‘Build Own and Operate’ piped natural gas delivery system within the park. This comprehensive system includes a 40 mscfd PRMS x 5km pipeline designed to efficiently transport gas throughout the Industrial Park, thereby extending its advantages to end-users in distant regions.
Tetracore Energy’s dynamic engagement in Africa’s energy sector underscores its dedication to fostering sustainable growth and development via investments in diverse gas projects and infrastructure. By means of strategic collaborations, inventive solutions, and an unyielding pursuit of excellence, the company actively plays a role in advancing a more energy-secure and sustainable Africa.
Under the dynamic leadership of its Chief Executive, Olakunle Williams, Tetracore Energy is set to take center stage at Gas Investment Forum 2023. The company’s insights will play a pivotal role in addressing challenges and opportunities related to energy infrastructure, particularly in the gas sector. These insights are crucial for driving sustainable development, powering economic growth, and ensuring energy security across the African continent.
The Gas Investment Forum is a prestigious annual event in the energy sector, functioning as a conference and networking platform that unites policymakers, stakeholders, and global investors. Its central objective is to foster dialogue and enhance opportunities within Nigeria’s burgeoning gas sector. For information about the Gas Investment Forum, visit www.gasinvestmentforum.com