FORTE OIL COMMISSIONS GREEN ENERGY SOLUTION FOR MEDIUM INCOME EARNERS

Admin l Monday, December 04, 2017

Speaking during the launch in Lagos, the Group Chief Executive Officer (GCEO), Forte Oil Group, Mr. Akin Akinfemiwa, stated that “we are foremost integrated energy provider with footprints upstream, downstream and power generation. Today, that we are launching our solar system, we always look for formidable partners to bring our vision to live”, he said.

The Group Chief Executive Officer said that the company decided to invest in solar energy to bridged power gap within the low and medium income earners in Nigeria. Akimfemiwa said the solar energy lunched was customised at reduced cost to meet the demand of Nigerians, adding that it also supports the economy with regards to poverty alleviation.

“Today, that we are launching our solar system, we always look for formidable partners to bring our vision to live. We sat with them and created bespoke solutions and achieved a sustainable reliable and cost-effective effective solar solution. `The solution is mobile, it is cost effective and devoid of service charge,’’ he said.

The Forte oil boss said that the product is very efficient and that it is targeted at medium income group that rely on generators to provide power. “We will design an array of energy solution,” he said.

Mr Julius Omodayo-Owotuga, the Group Chief Financial Officer (GCFO), Forte Oil Group, said that the solar energy solution comes with four panels, four 100 amps and 12 volts batteries with free installations. Omodayo-Owotuga said the 1.5 KVA solar panel which cost about N1.5 million in the market was given out at the cost N700,000 per unit to wholesalers which also attracts discounts depending on the number units purchased.

According to him, the product has a year warranty while the panels have 4-5 years lifespan. It also last for twelve hours depending on equipment used for.

“It was designed for Nigeria atmosphere with quality materials, targeted at low and medium income earner of the society in addressing the challenges of pollution from generating set. We are partnering with various housing estate management, house builders and accredited engineers to assist in eradicating power challenges in Nigeria through renewal energy,’’ he said.

In his remarks, the commissioner for Energy and Mineral Resources in Lagos State, Mr Olawale Oluwo, said “this partnership comes at a time when the Lagos State Government is targeting 3,000 MW off grid and independent of Niger Delta gas. Oluwo said that it is complementary to what the state is doing towards lighting Lagos State through solar energy and that the state will give it the necessary support.

“We will key into the solar energy solution by Forte Oil which is very vital to our program and now that Forte Oil has put its brand to solar, we are now sure that we have a reliable partner in solar energy”, Oluwo assured