Revonergy to Build in Nigeria ? 14MW Renewable Energy Power PlantFuelled by Wood Waste and Sawdust

Revonergy Plc

An independent power producer from renewable energy fuel, has

today announced a MOU with the Ondo State Government of Nigeria, to

build a waste to energy power plant. The 14MW power plant will be fuelled by wood waste and sawdust

that is generated from the sawmill industry. The electricity that is

produced will be supplied directly to the sawmills and excess

electricity will be sold to the national grid on a long-term power

purchase agreement basis. The sawmill industry in Ondo State "“Nigeria

currently suffers from chronic power shortage and frequent

periods of blackout. The sawmill industry is dependent upon diesel

generators for their electricity requirements. High diesel costs result

in high wood processing costs for the operators. The large amount of

sawdust and wood waste that is generated by the industry is dumped

around the nearby areas. Over a period of time the wood waste decomposes

and emits methane gas a type of green house gas that is about 21 times

more harmful to the environment then carbon dioxide. Ravi Daswani, CEO of Revonergy

Plc said, "Wood waste and

sawdust is a natural waste product of the sawmill industry. The power

plant will use wood waste and sawdust to produce clean electricity

which will be supplied to the industry and the community. A previously

discarded waste product will be the main source of much needed

electricity to the industry." The supply of constant electricity, to the sawmill industry will lower

cost of production, create new jobs, boost sales volumes and entice new

investment into the region. Ravi Daswani, CEO said, "We have

completed the technical and feasibility studies of this project. We

are now looking at synergistic waste to energy projects in other parts

of Africa and are in discussions with reputable African and European

financial institutions for the financing of these projects" Revonergy Plc is

headquartered in London, England with offices in Hong Kong (China)

Nigeria and South Africa. It is a rapidly growing independent power

producer that builds and owns renewable energy power plants in emerging

markets.