Oando Clean Energy says it will be partnering with the Lagos State Ministry of Transportation to roll out 3,000 electric buses by 2030.
The Executive Vice President Oando Clean Energy, Mr Ademola Odunbanjo, disclosed this at the ninth edition of the Lagos Climate Change Summit in Lagos, South-west, Nigeria.
The two-day event was titled: “Integrating Climate Actions in Lagos State Development: Investment Opportunities and Trade-offs.”
Odunbanjo spoke on the topic: De-carbonising Industries/Mobility via Innovative Clean Energy.
He said that Oando would be experimenting on different energy mix to come out with an affordable green energy for consumers, mobility and industry.
According to him, buses that are powered with hydrogen will not be profitable.
“Not as the fares that we pay today. They’re not cost effective.
“And we also can’t pass it on to the consumer.
“So we will roll out about five hydrogen powered buses when the plants are ready.
It will run at a loss we know, but we’ll do it still anyway, because we must prove the concept and attract investment, particularly development funds.
Odubanjo said that statistics showed that before 2020, industries contributed 40 per cent to Green House Gas (GHG) emissions, while transportation contributed about 17 per cent.
