Seplat Power Plc, has restated its commitments to power sustainability because it impacts folks, surroundings and company governance.
The corporate pressured that its focus is long-term with dividends accruable past the present type.
Mr. Samson Ezugworie, the Chief Working Officer, Seplat Power, said this on the Society of Petroleum Engineers (SPE) Nigeria Council 2025 Oloibiri Lecture Sequence and Power Discussion board (OLEF) held in Abuja lately.
Ezugworie, who spoke within the Discussion board’s panel session titled ‘Driving Power Sustainability By way of Know-how, Coverage, and Provide Chain Excellence’ maintained that enterprise sustainability is about imaginative and prescient and constructing a future “you could not profit from”.
Talking on Seplat Power’s effort at addressing power poverty in Nigeria, Ezugworie famous that over 850MMscfd of fuel installations have been achieved in-country (excluding capacities from the lately acquired MPNU property).
“Over time, we have now at present put in over 850MMscfd of fuel geared in direction of supplying fuel to home customers in Nigeria. With the current acquisition of the MPNU property, we’ll now start to discover and exploit different development choices. We’re going to go into the mass fuel reserves of that asset and nonetheless make sure that we use important a part of that to energy Nigeria,” the Seplat Power COO mentioned.
He mentioned the panel’s theme which hovers round power sustainability, expertise, coverage and provide chains is centred round human beings and constructing the suitable capacities to drive development and developmental progress.
“Early this month at Seplat Power, 50 younger graduates simply resumed for employment and they’re present process various trainings in the meanwhile. For us, that is capability improvement; ensuring that we have now the funnel of abilities that can substitute us sooner or later. That is sustainability,” Ezugworie affirmed.
Talking on what Seplat Power had finished within the deployment of expertise in Nigeria’s fuel house, the Seplat Power COO mentioned the Firm’s numerous interventions have been fairly transformational.
Seplat, he mentioned, has carried out its finish of routine flaring (EORF) roadmap, which incorporates investments throughout our manufacturing amenities to minimise Scope 1 & 2 greenhouse fuel emissions and enhance general power effectivity.
As an example, the primary module of Seplat’s Sapele Built-in Fuel Plant (SIGP) has commenced operations and is now producing. As soon as the plant is working at capability, anticipated throughout 2025, it has the potential to materially cut back the Group Scope 1 emissions. Different ongoing key flare-out initiatives, together with the Western Asset Flares Out (set up of vapour restoration unit compressors), Sapele LPG Storage & Offloading Facility, Oben LPG Venture and Ohaji Flares Out Venture. The Firm is on observe to finish routine flaring of fuel throughout its onshore property in 2H 2025.
Ezugworie, additionally highlighted Seplat Power’s sturdy dedication in ship Company Social Funding initiatives in well being, training and entry to power sustainably in Nigeria. Final 12 months, 352 academics have been impacted within the 2024 version of Seplat Academics Empowerment Programme (STEP); 6,373 college students impacted throughout the 2024 Pearls Quiz; 4 Science Know-how Engineering Arts & Arithmetic (STEAM) Labs geared up in 4 secondary faculties; 9,780 impacted within the 2024 Eye Can See Programme; and Power options delivered in 6 faculties and three hospitals accomplished.
