Oando subsidiary, C’River sign renewable energy agreement

Oando Clean Energy, the renewable energy subsidiary of Oando Energy Resources, has signed a Memorandum of Understanding with the Cross River State government on renewable energy plans for the state at the ongoing COP28.

In a statement issued on Wednesday, the MoU would result in the rollout of electric vehicles for mass transportation within Cross River State, setting up an electric vehicle assembly plant, as well as building a 100MW wind plant for power generation.

Representing the Governor of Cross River State, Senator Bassey Otu at the MOU signing was the State’s Commissioner for Special Duties, Mr Oden Ewa.

He said, “This landmark agreement marks a significant step forward in Cross Rivers’ journey towards a cleaner and more sustainable future. The MoU paves the way for the transitioning of our mass transit system to cleaner and less expensive fuels whilst also allowing for the use of our natural resource, wind to provide electrification for our people.

“I commend Oando Clean Energy for their innovative solutions that address the impact of climate change in Nigeria and her citizens.”

In response, OCEL President / CEO, Dr Ainojie Irune said, “As a company, we are committed to ensuring that this journey to a cleaner and more sustainable energy future is as seamless and as easy as possible. By putting our confidence in, not only the technology but the partnership and ensuring that the Cross River State Government and her people reap the benefits of generating power from sustainable sources.

“Oando Clean Energy’s scope spans the entire 35 states of the federation and the FCT; and with one state at a time, we will create a cleaner, more viable energy ecosystem for Nigeria and our people.”

OCEL who hosted a side event at the Nigeria pavilion, showcased its clean energy solutions and how the company is supporting the government in its journey to achieving its net zero ambition by 2060.

Minister of the Niger Delta, Abubakar Momoh; Minister of the Environment, Abbas Lawal Balarabe; Minister of State for Environment, Dr Kunle Salako and Commissioner for Special Duties, Cross River State, Mr Oden Ewa, were present at the event.

At the event, OCEL demonstrated the significant milestones recorded to date, specifically, they made a presentation on their broad spectrum of projects across Sustainable Transport, Waste to Value, Wind, Geothermal and Solar.

Earlier in the year,  OCEL in partnership with Lagos state and the Lagos Metropolitan Area Transport deployed electric mass transit buses in the state.