755: Andrew Knott of Savannah Energy discusses their subsidiary’s first gas sales to Trans Amadi Power Plant

The Vox Markets Podcast

Andrew Knott, CEO of Savannah Energy #SAVE discusses Accugas, their subsidiary, commencing gas sales to First Independent Power Limited's Trans Amadi power plant in Port-Harcourt, Nigeria.

Highlights

As previously announced in April 2022, Savannah executed an addendum to its gas sales agreement with FIPL, allowing FIPL to increase the quantity of gas purchased to up to 65 MMscfpd (from 35 MMscfpd) to allow supply to both its Trans Amadi and Eleme power plants (as well as its Afam power plant). FIPL is an affiliate company of the Sahara Group, a leading international energy and infrastructure conglomerate with operations in over 42 countries across Africa, the Middle East, Europe and Asia.

The FIPL Trans Amadi power plant has a power generation capacity of 136 MW but its generation capacity had recently been limited due to gas availability issues from its primary supplier. Savannah commenced gas supply to the Trans Amadi power plant on 19 June 2022, which has allowed for the immediate resumption of power generation and evacuation to Nigeria's National Grid.

To read the full RNS click HERE