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News
 Oando set to launch IPP |
| 6th February 2010 |
Oando Plc is now set to launch its first ever Independent Power Project through its subsidiary, Akute Power Limited.A statement issued by the company on Friday, said the expected lauch followed the successful completion of the power plant which now supplies Lagos water works 24-hour uninterrupted power supply.The company through it‘s Gas link subsidiary constructed a 13kim transmission pipeline from its grid to its 12.5 mega watts platform facility located at Lagos Water Works Corporation in Akute.The statement added that the IPP was expected to save the Lagos State government N156m in energy cost and boost efficiency by 300% |
| Source: Punch on the Web |
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