By taking this decision, the company has positioned itself as an organization which believes that Economic Business Model and Reducing Emissions/Environmental Protection need not be exclusive of each other. This green initiative by Powergas gives assurance to both customers and other stakeholders that CNG is the way to go to reduce the negative impact of business operations on the environment.
CNG burns cleaner than other fossil fuel, emitting up to 25 percent fewer greenhouse gases. Deepak Khilnani, Chief Executive Officer, Powergas Africa said CNG is a cleaner burning fuel that makes engines in CNG trucks run 75 percent quieter and has much lower harmful emissions — such as carbon dioxide and other greenhouse gases — than diesel fuel.
“By encouraging the use of alternatively fueled vehicles, we are helping create jobs and reduce Nigeria’s dependency on imported petroleum products. Using cleaner-burning fuel also helps reduce Greenhouse Gas Emissions and other air pollutants. Cleaner air will protect the environment and the health of all Nigerians throughout the expected life-span of these vehicles. Consumers and businesses also will save money by using a domestically produced, lower-cost alternative fuel.”
He added that, “There are a variety of other advantages to converting to CNG outside of the environmental benefits. CNG costs substantially less than diesel, and the maintenance cost of the trucks is lower because CNG is a much cleaner fuel as compared to diesel. There’s some really bright days ahead for environmental efforts in the country.” Deepak said.
Sumeet Singh, GM - Commercials & Business Development, says, “Gas offers the widest range of opportunities to replace diesel fuel in the commercial vehicle market – it’s no longer a fuel of tomorrow; it’s a fuel of today.
Powergas has clear sustainability goals and recognizes the benefits that this conversion can bring to its operation. This is a big win for the environment and for the community because CNG is a more cost stable fuel.” Sumeet said.
With the volatility in the diesel fuel prices to the Global Macro-economic activities, Natural Gas price is much more stable -- it is estimated that, Businesses can save about hundreds of millions of Naira annually, by replacing their Diesel consumption .