Powergas

Other areas that needed this solution had no gas pipelines running through, therefore, the prototype solution would not work. To overcome this challenge, Powergas innovated, and tried something new in Nigeria - Compressed Natural Gas (CNG). This solution was already in use in some other parts of the world, such as India, China, and some other parts of Europe. Powergas adopted the CNG solution for its IPPs and decided to create a new business out of it. Powergas began to supply CNG to factories that were not located where pipeline was available.

Powergas began to propagate the gospel of natural gas usage to companies and estates as a means of better energy solutions, against fossil fuels that consumers were used to. After an initial challenging period occasioned by unfavourable pricing of CNG, and high switching cost for prospective customers, the company made more inroads into the power sector market with the removal of diesel subsidy and the increasing desire of companies to comply with regulations on reduction of carbon emission. Today, gas- enabled energy solutions are making huge waves in the industrial sector, as many companies have switched from other fossil fuels to gas, to reduce their costs and for a cleaner environment.

Since the commencement of its CNG operation in Nigeria in 2013, Powergas has gone to create four mother stations in strategic areas in the South-west, South-East, and South- South regions of the country. Some other players have since entered the industry too.

Powergas is only at the start of unlocking the immense potential within the Compressed Natural Gas (CNG) sector. With vast regions still underserved by gas pipeline infrastructure, there are significant growth opportunities waiting to be seized in order to capitalize on this untapped market, driving expansion, and transforming Nigeria's energy landscape.