Windek Energy Limited has secured a $100 million contractor financing agreement with Cakasa Nigeria Limited for the construction of a 20,000 metric ton LPG storage facility at the Liberty Oil and Gas Free Zone, Atabrikang, Akwa Ibom State.
The project aligns with Windek Energy’s strategic goal of expanding Nigeria’s domestic LPG storage capacity, ensuring a more resilient and efficient energy supply.
The financing agreement with Cakasa underscores the company’s commitment to delivering critical energy infrastructure that supports Nigeria’s clean energy transition.
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Nosa Igiehon Okunbo, Managing Director of Windek Energy, remarked:
“This partnership with Cakasa is a game-changer for our expansion plans.
“The new facility will significantly enhance LPG storage and distribution, supporting both industrial and household energy needs across Nigeria.”
Also speaking on the partnership, Emmanuel Uwandu, Executive Director of Windek Energy, stated:
“Investing in LPG infrastructure is key to ensuring Nigeria’s energy future. This facility will not only strengthen supply chains but also create economic opportunities in Akwa Ibom and beyond.”
Barnabas Olise, MD/CEO of Cakasa Nigeria Limited, emphasized:
“Cakasa is proud to support Windek Energy in bringing this critical project to life. This agreement highlights our shared vision of driving energy security and industrial growth in Nigeria.”
Adding to this, Celestine Cliffe, FNSE, Executive Director, Business Development at Cakasa, noted:
“The Liberty Free Zone LPG facility will serve as a vital energy hub, improving accessibility and efficiency in the sector while fostering economic development in the region.”
The 20,000MT facility will position Akwa Ibom as a major hub for energy logistics, creating jobs and boosting local economic development.
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