Accugas Denies Responsibility for Akwa Ibom State Power Outage

Accugas Limited, a subsidiary of Savannah Energy, has firmly refuted claims suggesting its involvement in the ongoing power outage affecting Akwa Ibom State.

In a statement, the company attributed the power disruption to a fault in the 132-KV Aba-Itu transmission line, which is hindering the flow of electricity from the National Grid into the state. Accugas urged the immediate restoration of the transmission line to resolve the issue.

As the sole gas supplier to Ibom Power Company (IPC) since 2014, Accugas plays a vital role in powering IPC, one of 23 thermal generation companies supplying energy to the National Grid. The grid, in turn, distributes electricity nationwide via electricity distribution companies (Discos).

Accugas emphasized its significant contributions to Nigeria’s energy sector, noting that it supplies gas for approximately 20% of the country’s thermal power generation. The company, alongside other Savannah Energy subsidiaries, has invested over $1.5 billion in gas development projects in Akwa Ibom State.

Notably, Savannah Energy recently invested $45 million in a gas compression project at Accugas’ Uquo central processing facility in Esit Eket. The company also highlighted its commitment to various social investment initiatives within the state, reinforcing its dedication to Akwa Ibom’s economic growth and prosperity.

Accugas reaffirmed its commitment to working closely with the Akwa Ibom State government to support the state’s economic development agenda.

Source: Savannah Energy