Post Image

Technova

After the purchase of 150 acres in Ologbo and a multilevel service-agreement with Original Equipment Manufacturer (OEM), PSL Limited; Technova Africa Group is set to commence the building of a 200,000 metric tonnes per annum (MTPA)-capacity line pipe mill and coating facility in Ologbo, Edo State. The project is estimated to cost $200 million. The company will use this to venture into Helical Submerged Arc Welded (HSAW) line pipe manufacture and coating in compliance with globally accepted standards. The project seeks to replace imported welded steel pipes with cheaper steel pipes manufactured in the country. Technova also intends to build a 10 megawatt-capacity independent gas -powered generating plant as well as a private jetty to power the facility and facilitate the supply and delivery of raw materials as well as evacuate finished products in its phase II. Technova is an indigenous energy and infrastructure company with experience in construction, engineering, project management and service delivery. It has six subsidiary companies namely; Technova Construction Nigeria Limited, Technova Energy Nigeria Limited, Technova Line Pipe Mill Limited, Technova Coating Facility Limited, Technova Pipeline Systems Limited and Technova Energy East Africa (Uganda) Limited.
You might also like:
This article was first published on 25th June 2013

connectnigeria

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *