The advantage of a stable and organic growth combined with the passion to deliver lasting value in other sectors has afforded CETPower a successful diversification into the Oil and Gas sector in Nigeria through CETEnergy.
It began with Consolidated Energy and Trading Inc.’s incorporation in 2003, when a roadmap on the Nigerian Electricity Supply Industry covering a broad range of operations and related services that included Power Generation and Energy Sales; Engineering, Procurement and Construction (EPC) of Power Stations/Plants; Operation and Maintenance (O&M) Services; and Consulting and Training Services across Nigeria was unveiled.
In twelve years, CETPower has provided best-in-class independent and emergency power services to states and organizations such as the Lagos State Government, Dufil Prima Foods Plc., Nigerite Limited, Lafarge WAPCO, Nigerian Bottling Company Plc. (Coca-Cola Hellenic), Crown Flour Mills Ltd, The Tinapa Free Trade Zone, Heineken/Nigerian Breweries Plc., The Nigerian Security Printing and Minting, Transcorp Hilton, BETA Glass, and British American Tobacco Nigeria.
Starting with off-grid captive power, CETPower constantly built capacity that matured into a full-fledged integrated power company, with capabilities also in the on-grid power sector. The company's recent effort in this area is epitomized in its attempt to acquire two NIPP assets (Omotosho and Gbarain Power Plants), in the concluded NIPP privatization exercise, where CETPower’s total bid for these two assets, was in excess of USD $700m.
The CET Group evokes innovation, as evident in its venture into the Oil and Gas sector. After years of careful review of the industry, a plan that focused on sustaining a proven track record of excellence in service delivery was unravelled group-wide. As an organisation, we come with the technical competence, financial backing, and ability to find requisite partnerships relevant to achieve rapid growth and to deliver on our operational goals consistently, a strong capital base and knowledge of the local industry.
CET Group is a 100% indigenous conglomerate, allowing clients to benefit from enhanced local content participation without compromising service quality.
In the near future, CETEnergy, through its operations in all streams of the energy industry, will play a lead role in transitioning the brand from the well-known power focused brand to a consolidated global energy brand. We are certain that by consistently delivering on our brand promise of Integrity, Professionalism, Innovation and Excellence, we will become the integrated energy solutions provider of choice.