Oando Gas & Power divests interest in captive power plants

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Oando Gas and Power (OGP), a subsidiary of Oando Plc, has divested its interests in captive power plants and focused on gas infrastructure expansion, The Nation reports.

Speaking on the sideline of the just-concluded Nigeria Oil and Gas Conference and Exhibition in Abuja, the Managing Director, Mr. Bolaji Osunsanya, said: “As portfolio developers, we’ve divested from our captive power plants and aggressively focused on the expansion of our Gaslink franchise, which serves over 160 industrial and commercial customers across the Greater Lagos Area.”

“Our Joint Venture subsidiary with the Rivers State government, Central Horizon Gas Company, is poised to complete an additional 9km of pipeline infrastructure within the Trans-Amadi area by the end of first quarter of this year. Also, our Compressed Natural Gas (CNG) entity, Gas Network Limited (GNL), which is our pioneering virtual pipeline initiative currently delivers gas to customers within a 100km radius.”