Oando Clean Energy says it will be partnering with the Lagos State Ministry of Transportation to roll out 3000 electric buses by 2030.
The Executive Vice President Oando Clean Energy, Mr Ademola Odunbanjo, disclosed this at the ongoing ninth edition of the Lagos Climate Change Summit on Wednesday in Lagos.
The News Agency of Nigeria ((NAN) reports that the two-day event is 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 with different energy mixes to come out with 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.
He said that industry activities and mobility were activities of humans which released carbon into the atmosphere, thereby causing climate change.
