Oando Gas and Power rebrands to Axxela

Oando Gas and Power rebrands to Axxela

The name Andela will be getting more familiar in Nigeria’s oil and gas industry.

Oando Gas & Power Limited (OGP), a subsidiary of Oando Plc said it has changed its corporate identity to Axxela Limited.

See below key milestones of Axxela:

1988 Incorporation of Gaslink Nigeria Limited
1999 Unipetrol acquires 40% equity of Gaslink to utilize its exclusive gas sale and purchase agreement with the Nigeria Gas Company
2000 First gas was delivered to Cadbury Nigeria PLC at Ikeja, Lagos in 2000
2001 Unipetrol acquires total equity of Gaslink
2001 O & O Power Limited is incorporated
2001 Completion of Gaslink Ikeja IA Pipeline expansion Project
2002 Completion of Ikeja IB Pipeline expansion Project
2003 Unipetrol rebrands as Oando PLC
2004 O & O Power becomes Oando Power
2004 Completion of Gaslink’s Greater Lagos (GL) II Pipeline expansion project
2005 Oando PLC assumes a group structure, and Gaslink Nigeria emerges one of its subsidiaries
2007 East Horizon Gas Company (EHGC) Limited is incorporated
2007 East Horizon Gas Company commences construction of 128 km South-East natural gas Pipeline project to supply gas to UNICEM as its foundation customer
2007 Oando Power becomes Oando Gas & Power (OG&P), with a mandate to manage all Oando PLC’s gas and power subsidiaries
2008 Akute Power plant is incorporated
2008 Akute Power plant starts construction of 12.15mw captive power plant for Lagos Water Corporation
2008 Gaslink completes GL III pipeline expansion project to bring the total gas network in Lagos to 100 km
2010 OG&P commissions Akute Power’s Independent Power Plant
2010 Gaslink connects its 100th customer to its 100km natural gas network
2011 EHGC pipeline commissioned.
2013 Alausa Power Plant commissioned. 120 generators eradicated and CO emissions of at least 348,670,656 lbs reduced
2013 Gas Network Services begins CNG delivery with fleet of 15 trucks
2014 EHGC pipeline divested from $250 million
2015 OGP completes full divestment from Akute Independent Power Plant
2016 Oando PLC completes $115.8 million partial divestment of OGP to Helios Investment Partners