Energy conglomerate, Sahara Group says it has made a commitment of $44 million for the construction of Liquefied Petroleum Gas LPG) facilities within the West African sub-region to ensure steady availability of cleaner energy sources for the global market.
The group also disclosed that its commitment to host communities enabled its investment of $742 million in community development with a focus on COVID-19 relief support.
Sahara Group’s Director of Governance and Sustainability, Ms Pearl Uzokwe, stated this as part of the highlights of the group’s 2020 Sustainability Report, containing the scorecard of its economic, social, and environmental performance across seven operating entities within the group, including the Sahara Foundation.
The report themed, “Leveraging Disruption for Growth and Innovation,” underscored how Sahara continues to leverage innovation and technology in achieving its corporate goals and sustainability ambitions across its businesses in Africa, Asia, Europe, and the Middle East.
“Further, a commitment of $44 million for the construction of Liquefied Petroleum Gas (LPG) facilities within West African region was made as well as the purchase of two additional LPG vessels to ensure the availability of cleaner energy sources for our global market.
“Our commitment to host communities enabled our investment of $742 million in community development with a focus on COVID-19 relief support,” Uzokwe said.
According to the director, the group also fixed all cables and panels for the rural electrification project in Ajoki, one of its host communities, with a plan to deliver the project by 2022.
These, she noted, further demonstrates the company’s progress on the sustainability journey, stressing that the 2020 sustainability report further underscored the group’s commitment to creating shared value for its various stakeholders through economic development, protection of the environment and building a sustainable society.
Uzokwe stated that Asharami Energy Limited, a Sahara Group upstream company, recorded an improved performance in responsible procurement with 92 per cent of its suppliers assessed for environmental risks in 2020.