Firm stakes fund on sus­tain­able en­ergy

The Guardian (Nigeria) - - ENERGY - By Tayo Oredola

All On, an in­de­pen­dent im­pact in­vest­ing com­pany, has made its first set of trans­ac­tions aimed at fa­cil­i­tat­ing in­creased ac­cess to af­ford­able, re­li­able and sus­tain­able en­ergy sources for low in­come house­holds, SME’S, and com­mu­ni­ties.

Seeded with fund­ing from Royal Dutch Shell, All On works with part­ners to in­crease ac­cess to com­mer­cial en­ergy prod­ucts and ser­vices for un­der-served and un­served off-grid en­ergy mar- kets in Nige­ria, with a spe­cial fo­cus on the Niger Delta.

Chief Ex­ec­u­tive Of­fi­cer of All On, Dr. Wiebe Boer, said this ini­tial set of trans­ac­tions demon­strates our com­mit­ment to uti­liz­ing a mar­ket-based ap­proach to mak­ing a sus­tain­able im­pact in the off-grid en­ergy sec­tor in part­ner­ship with global and lo­cal mar­ket lead­ers. “It is just the be­gin­ning of our in­vest­ments to­wards im­prov­ing ac­cess to en­ergy in Nige­ria for the tens of mil­lions of off-grid house- holds and SMES across the coun­try,” he added.

Com­ment­ing on the pro­posed in­vest­ment, Man­ag­ing Di­rec­tor of GVE, Ifeanyi Ora­jaka, said that his com­pany is ex­cited about this re­la­tion­ship with All On. “An in­vest­ment from a world­class or­gan­i­sa­tion such as All On fur­ther val­i­dates our po­si­tion as one of the lead­ing and most in­no­va­tive in­dige­nous clean en­ergy so­lu­tions providers in Sub-sa­ha­ran Africa. We are very op­ti­mistic and look for­ward to achiev­ing our medium-term tar­get of im­pact­ing two per cent of Nige­ria’s 180 Mil­lion pop­u­la­tion through this part­ner­ship,” he added.

Chief Ex­ec­u­tive Of­fi­cer of CCHUB, Bo­sun Ti­jani, said: “The or­gan­i­sa­tion is proud to part­ner with All On to sup­port Nige­ria’s early stage clean en­ergy en­trepreneurs. Match­ing our ex­per­tise iden­ti­fy­ing and sup­port­ing in­no­va­tive star­tups with All On’s seed cap­i­tal,

Spe­cial­ties Project Man­ager, To­tal Nige­ria Plc, Viken Na­jar­ian; Com­pany Sec­re­tary, Pin­na­cle Oil and Gas, James Idu; Gen­eral Man­ager, Sales and Mar­ket­ing, To­tal Nige­ria Plc, Adesua Ade­wole; Man­ag­ing Di­rec­tor, To­tal Nige­ria Plc, Jean-phillipe Tor­res; Man­ag­ing Di­rec­tor, Pin­na­cle Oil and Gas, Peter Mbah; and Chan­nel De­vel­op­ment Man­ager, Net­work Lu­bri­cants, To­tal Nige­ria Plc, Stella Nwobike dur­ing the sign­ing of Elf and Pin­na­cle sup­ply con­tract.

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