Axxela Integrated Power, one of Axxela’s strategic business units, has signed a Power Purchase Agreement (PPA) with Evans Industries Limited, a leading manufacturer of home and personal care products in Nigeria.
Under the terms of the agreement, Axxela Integrated Power will provide cost-effective, reliable, and integrated power solutions to support Evans Industries’ operations. The collaboration aims to ultimately reduce energy costs, minimise downtime, and enhance overall energy efficiency, thereby strengthening the company’s position and competitive edge in the Nigerian market.
Speaking at the signing ceremony in Lagos, Olufisayo Duduyemi, Managing Director of Axxela Integrated Power, stated, “This agreement represents more than just a contractual relationship. We believe it marks the beginning of a partnership built on trust and a commitment to delivering reliable energy solutions that create long-term value for Evans Industries”.
“We recognise that one of the biggest challenges facing industries in Nigeria is the lack of reliable, affordable, and sustainable energy. Too often, manufacturers and businesses have been compelled to self-generate power at higher costs, with the resulting impact on revenue, profitability, and growth.
For us at Axxela, we see these challenges as opportunities to support Federal Government efforts in harnessing the immense benefits of natural gas and gas to power solutions, while partnering with forward-looking businesses like Evans to meet their energy needs through customised innovative energy solutions. Energy reliability is not just an operational concern; it is a strategic driver of competitiveness and resilience”, he concluded.
Axxela Integrated Power is proud to welcome Evans Industries on board as a long-term partner. This partnership underscores our commitment to supporting Nigeria’s industrial growth by delivering decentralised innovative power solutions that bridge the nation’s energy gap.
About Axxela
Axxela Limited, a company co-owned by Helios Investment Partners and Sojitz Corporation, is the pioneer private sector developer of natural gas solutions and captive power generation in Nigeria. Axxela is a designated natural gas shipper on the West African Gas Pipeline (WAGP) and a member of the West African Power Pool (WAPP), delivering natural gas to about 200 industrial and commercial customers via a vast natural gas infrastructure network. With over 400km of natural gas pipeline infrastructure built, Axxela provides unique energy solutions primarily through its subsidiaries: Gaslink Nigeria Limited, Gas Network Services Limited, Central Horizon Gas Company Limited, Transit Gas Nigeria Limited, and other Strategic Business Units.
Axxela Integrated Power
Axxela Integrated Power is a strategic business unit within Axxela Group responsible for the development of captive and embedded power projects across the country. The SBU also invests in value-add strategic power assets.
Over the past years, Axxela has developed captive power solutions, providing 22.55MW to meet the energy needs of customers across Lagos State (now divested). With different power projects under development, Axxela Integrated Power currently operates a 5.8 MW off-grid plant for Cadbury Nigeria Limited.
Evans Industries Limited
Evans Industries Limited is a leading manufacturer of home and personal care products in Nigeria, committed to delivering high-quality products that meet the everyday needs of millions of consumers.
For more information, please contact:
Omolara Shitu
Corporate Communications & Branding Manager
17A The Wings Office Complex
Ozumba Mbadiwe Avenue
Victoria Island. Lagos Nigeria
Email: oshitu@axxelagroup.com
