After Egina success, LADOL eyes opportunities in power, gas, others

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The Executive Chairman, Lagos Deep Offshore Logistics Base, Mr. Ladipopo Jadesimi, in a recent interview with THISDAY, highlighted that apart from FPSO fabrication, the firm also has its sights set on the power and gas sectors among others.

He said; “Our facility is basically a ship yard and the fabrication part of the facility can fabricate anything. So, it is not only FPSO related fabrication that can be done there. Part of our immediate plans includes going into the power sector, turbines for example, go into transportation, go into Agro-business. Like I said from the onset, our objective was the creation of an industrial free zone.”

He added; “We are looking into different aspects of the power business including turbines for example and importantly into the LNG gas market. There are various schemes where you can have LNG barge come to LADOL and re-gasified for power production. Already we have a few generators that are powered by CNG and this is an aspect of power that we can surely contribute to. When the LNG comes, it is re-gasified, put into CNG and that will fill generators domestically or maybe for small industry. The potential of power development is almost endless.”