Yemisi Izuora
The Lagos state government has said that the Forte Oil Green Energy Solution will boost it’s power sector development program.
Commissioning the FO Solar Solutions in Lagos the state commissioner for energy and mineral resources Mr. Wale Oluwo said the government has developed a strategic action plan that will facilitate delivery of 3,000 Mega Watts, MW of electricity exclusively for consumption in the state.
Oluwo said the plan is being backed by a Bill which has passed second reading in the House of Assembly.
He therefore observed that the Forte Oil initiative will facilitate actualisation of the plan.
The commissioner said he was impressed with the affordability rate which will help medium income class key into it this freeing the envisaged 3,000MW to be channeled to support industrial growth.
Speaking earlier, the Group Chief Executive Officer (GCEO), Forte Oil Group, Mr. Akin Akinfemiwa, stated that “we are foremost integrated energy provider with footprints u 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.
“We sat with them and create a bespoke solutions and achieve a sustainable reliable and cost-effective effective solar solution. The solution is mobile, it is cost effective and devoid of service charge.”
He said it is very efficient and is targeted at medium income group that rely on generators to provide power.
“We will design an array of energy solution,” he said.
In his comment, the Group Chief Financial Officer (GCFO), Forte Oil Group, Mr. Julius Omodayo-Owotuga, stated that “the solar energy solution comes with four panels, four 100 amps, 12 volts batteries with free installations. It will cost N700,000 per unit and wholesalers will be entitled to discounts depending on the number units to be purchased.”
Furthermore, he said the product has a year warranty while the panels have 20-25 years lifespan.