Business Hilights

Tracking Nigeria's Headline Business News Online

Gas powered bus
Energy

ETEFA, PG partner to drive use of Gas-fired Buses in Nigeria

Chevron
Advertisements
Ad 2
Advertisements
Ad 3
Advertisements

Strong indications have emerged suggesting that the strategic alliance between European Technologies for Africa (ETEFA) and Power Gas (PG) for the clean economic and safe transportation programme under the gas flare monetisation projects, will deploy gas-fired city buses for commercial transportation.
Whereas the planned introduction of gas-fired buses is expected to save Nigeria over $2.5 billion yearly, by reducing the cost of fuel in the transportation and power generation sector by over 30 percent, the proponents revealed that the deal will among others reduce the cost of bus ticket for passengers.
Explaining more during a media briefing in Lagos, the Power Gas General Manager, Sumeet Singh, said Nigeria’s gas flare activities if captured and processed, could power up to 200,000 gas-fired city buses and trucks for commercial use.
He observed that as a domestically available natural resource, effective utilisation was extremely important to among other things, drive cleaner environment.
According to him, “The introduction of over 200,000 commercial gas-fired city buses and trucks for transportation will lower the cost of ticket prices for passengers, while doubling the power generation capacity of the country and also improving the quality of the environment.”

Business Hilights is an online news channel conceptualized and structured to report and track on a daily basis; latest developments in critical business sectors to serve as a one stop news gateway for governments, foreign and indigenous investors.