Indigenous and integrated energy company Ardova Plc a fast-growing energy company in Nigeria has restated its resolve to sustain its leading position in the nation’’s energy sector particularly renewable energy
Speaking at an interactive session with journalists in Lagos, the Managing Director of Ardova Plc, Moshood Olajide, said the company’s vision is not just to provide energy, but to ensure energy efficiency and to empower people.
Olajide explained that the company’s expansion agenda includes diversifying its interests in the energy sector as it has made significant investment in liquefied petroleum gas (LPG) infrastructure, including a state-of-the-art LPG terminal in Lagos.*
The terminal has a storage capacity of 30 kilotons, which can satisfy 60% of Nigeria’s domestic LPG demand.
“Ardova Plc has committed to investing in cleaner and safer energy solutions, in line with global operating standards.
“The company’s investment in LPG infrastructure is a testament to its commitment to driving the nation’s “Decade of Gas” initiative.
This initiative aims to enhance energy efficiency, support small business growth, and mitigate environmental challenges posed by traditional fuels.” He added.
The company which celebrates its 60th anniversary, Olajide explained plans to continue expansion in the country through diversified interests in the energy sector as it has made significant investment in liquefied petroleum gas (LPG) infrastructure, including a state-of-the-art LPG terminal in Lagos.
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” Olajide said.
Meanwhile, Ardova’s subsidiary, Ardova Renewables, is spearheading the company’s solar energy investments as the subsidiary plans to install solar in all its retail outlets and locations across the country and provide solar-powered kits to small households in rural communities.
Olajide while reflecting on the company’s transformative journey, with the catch phrase, “Life begins at 60” , noted that the company’s investment in technology has improved its operational efficiency and profitability.”
The Chief Strategy Officer of Ardova Plc, AbdulHakeem Buhari, highlighted the company’s pivotal role in redefining value creation within the energy sector, stating, “Ardova embodies a vision where energy innovation meets economic empowerment.” He said.
Abdul Hakeem Buhari further revealed that Ardova Renewables is set to collaborate with commercial and industrial clients to provide industrial-level grid connections, thus ensuring a diverse energy portfolio.
Ardova Plc’s commitment to innovation and sustainability has earned it several awards and recognition. The company was recently recognized as one of the top 100 companies in Nigeria by the Nigerian Stock Exchange.
As Ardova Plc celebrates its 60th year of ensuring energy efficiency and sustainablilty, the company’s management while expressing its gratitude to stakeholders for their support over the years, pledged to continue investing in innovation and cleaner energy solutions, in line with global operating standards.
AP’s Chief Strategist Abdul Hakeem Buhari also used the opportunity to explain how the name Ardova was gotten. He stated that the name “Ardova” is derived from the Dutch or Arabic word Aarde, meaning “earth,” and the word “value,” reflecting Ardova’s commitment to sustainability. It is however the belief in several quarters that 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