Heirs Energies, Transcorp CEOs to Champion Nigeria, Africa’s Energy Transition in Germany

Peter Uzoho

Chief Executive Officer of Heirs Energies Limited, Mr. Osayande Igiehon and the President/Group Chief Executive Officer of Transcorp, Owen Omogiafo, will on Friday join global business leaders at the 17th German-African Energy Forum in Hamburg, Germany.

As leaders of one of Africa’s largest integrated energy businesses, the Heirs and Transcorp team would bring a unique perspective on Africa and the opportunities in the continent’s energy space.

Heirs Energies announced this in a statement issued yesterday, which was sent to THISDAY.

According to the statement, Heirs Holdings, founded by Tony Elumelu, has rapidly implemented the founder’s commitment to bring robust power supply to Africa and ensure African natural resources drive value creation in the continent.  The statement informed that the executives will echo Elumelu’s message to the Climate Change Conference of Parties (COP28) in Dubai – that equitable transition must work for Africa.

At the forum which has the themed: “Africa’s Energy Roadmap: Breaking New Grounds for Greener Economies”, Omogiafo and Igiehon will speak on panel sessions addressing Africa’s unique energy needs and the continent’s potential for green industrialisation.

Specifically, on a panel themed “Renewables for Industrial Growth”, Omogiafo will present recommendations for aligning off-grid and on grid solutions to boost power capacity and drive industrial growth in Africa.

Transcorp is one of the largest power producers in Nigeria and supplies West Africa with strategic investments in the energy sector through Transcorp Power Plc, Trans-Afam Power, and Transcorp Energy.

However, at the forum, Igiehon, will on his part emphasise the importance of achieving energy sufficiency in Africa, as a foundation for sustainable development and economic growth.

 On his panel entitled: “Africa’s Climate Action is Gaining Momentum – Green Industrialization, Climate Finance, Carbon Markets, and Policy Changes”, he will advocate for an approach that leverages Africa’s diverse energy resources, including both conventional and renewable sources, to bridge the energy access gap and provide reliable, affordable power to households, businesses, and industries.

Heirs Energies is the operator of the oil mining lease (OML 17) and is a significant contributor of Nigeria’s gas supply, including to three power plants amid the  company’s commitment to providing sustainable energy solutions to address Africa energy needs.

Heirs Holdings had announced earlier that Elumelu would  participate in a high-level roundtable discussion at the B7 Summit in Rome, this Friday.

At the summit themed: “Powering the Energy Transition for the Benefit of All”, Elumelu, according to the statement, will propose recommendations and priorities for catalysing energy transition that is equitable.

 The B7 is the official business engagement group for the G7, a political and economic forum of seven advanced economies including Canada, France, Germany, Italy, the United Kingdom, Japan, and the United States.