Ardova Plc Plans Solar, Gas Investment For Sustainable Growth
Indigenous and integrated energy company Ardova Plc, is heading the towards a multi-energy future in Nigeria, positioning itself to address the country’s diverse energy needs while prioritizing sustainability and environmental responsibility.
The company’s managing director Moshood Olajide while speaking at a media parley Thursday at its head head office in Ikeja Lagos, outlined the Company’s Ardova’s commitment to energy transition, acknowledging the growing global shift towards cleaner, more efficient energy solutions.
According to Olajide, the company is blending solar, gas, diesel, and petrol in a strategic plan that aims to navigate future disruptions in the energy market.
He emphasized the increasing pressure on businesses to mitigate their environmental impact, particularly in light of climate change and pollution concerns.
“While energy transition in Nigeria is expected to take longer due to the need for a ‘just transition,’ the country’s abundant sunshine makes solar energy particularly promising, especially in the northern regions.
“This shift is essential in addressing the visible effects of climate change in Nigeria, including floods and changing rainfall patterns” said Olajide.
Meanwhile, Ardova’s subsidiary, Ardova Renewables, is spearheading the company’s solar energy investments as the subsidiary plans to solarize retail locations and provide solar-powered kits to small households in rural communities.
Chief Strategy Officer Abdul Hakeem Buhari says Ardova Renewables is set to collaborate with commercial and industrial clients to provide industrial-level grid connections, thus ensuring a diverse energy portfolio.
“While backward integration into refining is not a priority at this time, Ardova remains open to such opportunities in the future. In the meantime, Ardova continues to build strong partnerships, particularly with Dangote Refinery, to ensure a steady supply of energy products.
We are proud of the partnership and believe it enhances our operations by securing products for us,” said Buhari.”
Ardova has also made significant investments in infrastructure, including the largest LPG storage facility in West Africa and the largest LPG spheres in Nigeria. These investments no doubt align with the company’s broader goal of meeting both current and future energy demands. The conversations also touched on the company’s positive outlook on its relationship with Dangote Refinery.
“The way our business model is positioned. We see Dangote refinery as a catalyst to our business kinds of enhances our way of securing products from from them. So we are proud with them. We are proud of what Alhaji Dangote has has done, and we will continue to partner with him. So we do not see Dangote refinery as a disruption to our business. Rather, it is a way to aid our business operation through energy supply security.” AP’s Chief Strategist Abdul Hakeem Buhari further stated.
The name “Ardova” is derived from the Dutch or Arabic word Aarde, meaning “earth,” and the word “value,” reflecting Ardova’s commitment to sustainability. Observers say the company is living up to its name, with its forward-thinking business model ensuring a reliable energy supply and supporting its goal in leading Nigeria’s renewable energy sector while maintaining the country’s energy security.
