Heirs Energies: Powering Nigeria's Economy with Domestic Gas Supply

Heirs Energies, Africa’s leading integrated energycompany, hasannounced afurther expansionof itsgas supplybusiness,supplying the recently commissioned 188 MW power plant operated byGeometric PowerLimited, locatedin Aba,Abia State.

Heirs Energies is a leading provider of gas to the Nigerian National Grid,and already supplies TransAfam Power Limited, with a capacity of966MW, and First Independent Power Limited (FIPL), with a capacity of541MW.HeirsEnergies alsosupplies gasto localdistribution companies,gas-basedindustries,and otherindustrial customers.

Founded in2021, HeirsEnergies operatesOML17 andrelated infrastructure, with a mission to ensuring that Nigerian businesses andconsumers derive direct and ongoing benefit from the country’s naturalresources. Allgas producedfromOML17 issupplied tothe domesticgas industry.

Heirs Energies is pioneering a new era in Nigeria's energy sector. With theoperation ofOML17 andits associatedassets, thecompany hasbeen pivotal in ensuring a reliable and sustainable gas supply, directlycontributing tothenation'sindustrial andeconomic growth.Heirs

Energies' gassupplies tothese criticalpower plantsnot onlyreinforce itsmajorrolein Nigeria'senergy sector,but alsounderscore itsstrategic vision in developing operational synergies throughout the energy valuechain.

Creating a Nigerian champion in domestic gas supply represents afurther example of Heirs Holdings role as a long-term strategic investor intheNigerianenergy sector,with interestsin therecently listedTranscorp Power Limited, TransAfam, and Abuja Electricity Distribution Plc, and asan operator of oil-producing assets more than 50,000 barrels of oilequivalent per day (boe/d). With a unique vision of ensuring Africa’snatural resources serve Africa’s interests, the Heirs Group is driven byfounder Tony Elumelu’s Africapitalism philosophy of ensuring businessesdeliver botheconomic andsocial benefitstostakeholders.

Osa Igiehon,CEO ofHeirs Energies,praised thecompany's growing impact:"Our abilityto supplythese threemajor powerplants demonstrates Heirs Energies' dedication to lighting up Nigeria andsupporting ourcountry’sjourneytowards economicand socialprosperity. Weare notjust participantsintheenergy sector;we are facilitatorsof growthand development,driven byamissionto ensurethat Nigeria’snatural resourcesbenefit itspeople."

Heirs Energies' gas plant in Agbada, Rivers State, produces over 80MMSCFD (million standard cubic feet per day) of gas. 100 percent ofthis gas output is channelled into the domestic market to meet localdemands, supporting Nigeria’s energy needs and exemplifying HeirsEnergies' commitment to powering thousands of homes, schools,hospitals, and industries, reinforcing its role in catalysing Nigeria’sindustrialisation.

Heirs Energies Limited (formerly HeirsHoldings Oil & Gas Limited) is Africa’slargest indigenous-owned integrated energy company, committed tomeeting Africa’s unique energy needs whilst aligning with globalsustainability goals. With a strong focus on innovation, environmentalresponsibility, and community development, Heirs Energies leads theevolving energylandscapeandcontributes toa moreprosperous Africa.

For moreinformation about HeirsEnergies and ourprojects, pleasevisit www.heirsenergies.com.

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