• Monday, June 24, 2024
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Creek Transitway signs deal with Rivers State on CNG infrastructure

Creek Transitway signs deal with Rivers State on CNG infrastructure

Creek Transitway Ltd has signed a Memorandum of Agreement (MoA) with the Rivers State Government to establish a Compressed Natural Gas (CNG) infrastructure in line with the plan to reduce transportation costs using sustainable energy.

The signing ceremony occurred at the office of the Attorney General/Commissioner of Justice, marking a pivotal step in the state’s transition from petrol and diesel to CNG for public transport operators.

It also marks the beginning of a transformative journey for Rivers State, setting a precedent for other regions to follow.

The partnership is expected to facilitate the establishment of essential CNG infrastructure for the state’s transport sector.

Present at the signing ceremony were Justice Dagogo Iboroma (SAN), attorney general/commissioner of Justice; Uchechukwu Nwafor, commissioner for Energy & Natural Resources; directors from both ministries and the executive team from Creek Transitway Ltd, led by Wisdom Elijah, CEO of Creek Transitway Ltd, and Globus Bank representatives.

The Rivers state governor has shown keen interest in leveraging the state’s abundant natural gas resources. This collaboration aligns with the national energy transition goals, emphasising the importance of natural gas as a viable alternative to traditional fossil fuels.

“The establishment of CNG infrastructure in Rivers State is a landmark achievement,” said Justice Dagogo Iboroma (SAN), attorney general/commissioner of Justice.

He said it reflects the State’s commitment to sustainable energy solutions and supports its economic development by reducing transportation costs and inflation in goods and services.

Rivers State Government has shown dedication to the economic and social development of the state. By investing in sustainable energy projects, the government aims to enhance the quality of life for its residents and contribute to national energy transition efforts.

CNG is known for its cost efficiency, offering up to 60 percent savings over petrol. This initiative is expected to lower transport fares, making it more affordable for the public and contributing to the overall reduction in the cost of living.

Wisdom Elijah, CEO of Creek Transitway Ltd, expressed optimism about the project.

“This partnership is a testament to our shared vision of a greener, more cost-effective transportation system. We are excited to work with the Rivers State Government in bringing this vision to life and to make a positive impact on the economy of the state,” he said.

Creek Transitway Ltd is a provider of CNG solutions, committed to promoting sustainable energy alternatives in the transportation sector. It specialises in developing CNG infrastructure and conversion services to reduce carbon emissions and transportation costs.