AZIKEL POWER LTD
Azikel Power licensed for on-grid power generation for 500MW, has commenced thedevelopment of her power plant as a strategicalignment with the Nigerian Government Power Sector Transformation agenda. Azike Power Plant Project is a structured Independent Power Plant (IPP) and is sited at Obunagha Gbarain, adjacent to Shell Petrolem Develompment Company Gas gathering facility, with a gas production of over 1.7 billion cubic feet of gas daily production. The first phase of Azikel Power generation is with a combination of highly efficient, low-emission, open-cycle gas turbines, which are powered by gas and heavy fuel oils.
In line with the Nigerian Power Sector Reforms and Privatization, Azikel Power Ltd obtained her greenfield license in power generation during the President Muhammadu Buhari Administration in the last quarter of 2015.Azikel Power is strealined along the advantage of the Government Gas Master Plan that is promoting new gas-fired power plants to help reduce gas flaring and provide much-needed electricity generation.Azikel Power was inaugurated in 2012 by a frontline billionaire businessman, Dr Eruani Azibapu to participate in the government sale of the first 10 IPPs in Nigeria.
Azikel Power bided for the Gbarain 240MW power plant which is situated in Bayelsa, in the privatization process and bid round, unfortunately Azikel Power lost that bid by coming second position. Azikel Power was then offered a reserved bidder position for the Gbarain Power plant. Businessman Dr Eruani, who will not accept failure as a end, re-energize himself and launch for a greenfield licence and power generation. This bid yielded results when Azikel Power was granted a 500MW On-Grid Power Generation in 2015.