Falcon Corporation Limited has signed a memorandum of understanding (MoU) with Anambra State government for a natural gas distribution project for industrial, power, and other applications in the state. The MoU was signed at the Anambra State Government House, Awka, by Governor Willie Obiano for the state, and Joseph Ezigbo, managing director, and Audrey Joe-Ezigbo, co-founder/executive director, Falcon Corporation Limited.
The Falcon Corporation natural gas distribution project is targeted at strategic industrial locations and power applications across Anambra State, and is the first of such expansive natural gas distribution project not just within Anambra State, but indeed Eastern Nigeria as a whole.
Natural gas has gained significant levels of acceptance and patronage as a preferred industrial fuel across the greater Lagos industrial area, Ikorodu, Agbara, Otta, and parts of Aba and Port Harcourt. Anambra State is resourced with vast deposits of natural gas which under the leadership of Governor Willie Obiano, the state proposes to put to economic use.
The proposed Falcon Corporation Natural Gas distribution project in Anambra State will supply natural gas for power generation to the industrial and other sectors to meet the growing needs of the state. The project will engender the much needed spur for the development of natural gas usage in the state and the required infrastructure for transmission and distribution.
Speaking at the signing ceremony, Joseph Ezigbo commended Governor Obiano, noting that Falcon Corporation had been working to get the gas distribution project off the ground in Anambra for close to 12 years, and only the leadership, support and dynamism of the governor had allowed the project garner such significant momentum culminating in the MoU signing. He assured the governor of Falcon’s commitment to timely and quality delivery on the project.
According to the governor, Anambra State has a long history of industry and enterprise, the potentials for which have been greatly suppressed by the huge challenges of power and overheads costs that render manufacturing largely uncompetitive.
Despite many challenges, the state has continued to enjoy a vibrant and dynamic SME sector that has recorded consistently good growth. Obiano expressed confidence in the natural gas project’s ability to enhance the face of industries in the state, noting also that the project very much fit into his 4-pillars of economic transformation in Anambra State, key among which are energy and industrial development. In consideration of the strategic positioning of Anambra State with respect to the Nigeria Gas Master Plan and power revolution, and given the vast proven and undiscovered gas reserves potential of the state, the imperative for the execution of a natural gas distribution grid in Anambra cannot be over-emphasised.
Falcon Corporation Limited, a wholly indigenous and proudly ISO 9001:2008 certified company, with core specialisations in engineering, procurement and construction (pipeline construction; fabrication and structural steel works; technical procurement), as well as natural gas distribution. Operating under a 20-year Build, Operate and Transfer (BOT) agreement with NGC/NNPC, Falcon has achieved notable mileage as the licensed Local Distribution Company (LDC) and Franchise Operator of the Ikorodu Natural Gas Distribution Zone of Lagos State, supplying several million standard cubic feet per day of natural gas to various industries within the Ikorodu franchise zone through an extensive network of pipelines and distribution infrastructure.