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AGROCAM Acquires GE’s Gas Engine to Boost Poultry Breeding

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By Dipo Olowookere

A leading poultry hatchery in the central African region, located in Douala, and a member company of the JS NOUTCHOGOUIN Group, AGROCAM, has purchased one of GE’s Jenbacher J316 gas engines from Clarke Energy, GE’s distributor of Jenbacher gas engines in Cameroon, to address the fundamental challenges related to long-term power outages, which have a great impact on poultry breeding in Cameroon.

A severe shortage of essential electrical infrastructure in sub-Saharan Africa is making it difficult for efforts aimed at achieving more rapid social and economic development.

According to the International Energy Agency, natural gas will be the fastest-growing fuel in use for power generation in Africa.

Given the critical nature of poultry hatcheries, a half-hour power outage can completely cripple a business, leading to a complete overhaul of the hatchery installations—since all eggs in the incubator would perish as a result of improper storage temperature control and ventilation.

To help meet the demand for alternative energy supply to stabilize and rebuild, AGROCAM previously used a diesel generator for backup to the grid to ensure routine operation of its hatchery, which proved to be costly given the prolonged hours of grid power outages in addition to the environmental pollution associated with diesel generators.

“More than ever before, AGROCAM believes that a stable, reliable and cost-effective source of power is crucial to revive the poultry business in Cameroon, which suffered a big hit from the 2016 avian influenza (or bird flu) outbreak that paralyzed poultry farmers in Douala and the surrounding areas. Energy currently represents 50 percent of our operational costs,” said Noutchogouin Jean Samuel, board chairman, AGROCAM.

“GE’s natural gas-fired Jenbacher gas engine will produce a nominal electrical output to power the hatchery and egg tray production facility, providing a highly efficient, economical solution to meet our needs and realize substantial annual savings,” said Noutchogouin Philippe, managing director, AGROCAM.

GE’s Jenbacher J316 gas engine will produce 813 kilowatts of power. Heat will be recovered from the hot exhaust gases of the generator in the form of hot air and will be injected into the ovens of the egg tray production machines for drying. This will save the cost of fuel currently burned for drying and therefore, it will increase the efficiency and allow for the optimum use of the gas generator.

“The technical maturity and high degree of reliability of GE’s Jenbacher Type 3 gas engines make them a leader in their range. Long service intervals, a maintenance-friendly engine design and low fuel consumption ensure a high operating efficiency, while enhanced components prolong service life,” said Ali Hjaiej, business development director—Africa, Clarke Energy. “As AGROCAM battles local power outages from Cameroon’s unstable grid, GE’s proven, cost-effective, Jenbacher gas engine technology provides AGROCAM with a solution to help meet the growing energy needs of the region while increasing the efficiency and reliability of the customer’s grid.”

GE’s Jenbacher Type 3 gas engines offer proven savings on service and fuel consumption as well as excellent efficiency.

Two-stage mixture cooling enables high flexibility, while the turbocharger bypass evens out extreme operating conditions.

They are also suitable for a range of applicable gas types including natural gas, associated petroleum gas, propane, biogas, sewage gas, landfill gas, coal mine gas and other special gases such as coke, wood and pyrolysis gases.

In addition, the gas engines increase efficiency levels and reduce industrial emissions. The gas engines are designed for 80,000 full-load operation hours before a major overhaul.

“GE’s distributed power portfolio is perfectly suited to support the huge demand for reliable and uninterrupted power in sub-Sahara Africa. With an installed base spanning several countries in Africa, we are powering the continent with our scalable and modular solutions across various applications—particularly renewable and waste-to-energy, industrial power generation and cogeneration/CHP (combined heat and power) and oilfield power generation. In a CHP configuration, our Jenbacher gas engines can deliver electricity and heat at efficiencies of more than 90 percent,” said Oluwatoyin Abegunde, sales director for the sub-Saharan Africa region for GE’s Distributed Power. “By working with Clarke Energy on this important project, we are able to meet the needs of our customer and Cameroon for a more sustainable supply of electricity.”

Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan. Mr Olowookere can be reached via [email protected]

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Economy

SEC Postpones Q2 2026 Pre-registration Training, Examination for CMOs

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capital market operators

By Aduragbemi Omiyale

The pre-registration training and examination for capital market operators (CMOs) for the second quarter of 2026 has been postponed.

Business Post gathered that the new date for the exercise is now Monday, June 15, 2026.

This information was disclosed by the Securities and Exchange Commission (SEC) through a circular on Monday, June 8, 2026.

The Nigerian capital market regulator stated that this postponement has also resulted in the extension of the deadline for registration to Friday, June 12, 2026.

In the notice today, the SEC expressed its regret for the inconvenience this action may cause operators, who had prepared for the initial date of the training and examination.

“Further to the recent circular on Q2 2026 Pre-registration Training and Examination, the Securities and Exchange Commission (SEC) hereby informs all eligible applicants for the Q2 2026 Pre-registration Training and Examination that the commencement date has been postponed to Monday, June 15, 2026.

“Registration on the designated portal has also been extended to Friday, June 12, 2026. All other conditions contained in the circular remain unchanged.

“The commission regrets any inconvenience this postponement may cause and appreciates the understanding of all applicants,” the disclosure noted.

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Economy

Fidson Lists Additional 600 million Shares on Stock Exchange

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fidson

By Aduragbemi Omiyale

One of the leading healthcare firms in Nigeria, Fidson Healthcare Plc, has listed additional shares on the Nigerian Exchange (NGX) Limited.

The new stocks absorbed into the stock market were 600 million units, raising the total issued and fully paid-up shares of Fidson to 3,000,000,000 ordinary shares of 50 Kobo each from 2,400,000,000 ordinary shares of 50 Kobo each.

The fresh equities came from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share.

They were issued to existing investors on the basis of one new ordinary share for every existing four ordinary shares held as of the close of business on Wednesday, November 12, 2025.

Confirming the development, the regulator in a notice said, “Trading licence holders are hereby notified that an additional 600,000,000 ordinary shares of 50 Kobo each of Fidson Healthcare Plc were on Tuesday, June 2, 2026, listed on the daily official list of Nigerian Exchange Limited.

“The additional shares arose from the company’s rights issue of 600,000,000 ordinary shares of 50 Kobo each at N35.00 per share on the basis of one new ordinary share for every existing four ordinary shares held as at the close of business on Wednesday, November 12, 2025.

“With the listing of the additional 600,000,000 ordinary shares, the total issued and fully paid-up shares of Fidson Healthcare Plc have now increased from 2,400,000,000 to 3,000,000,000 ordinary shares of 50 Kobo each.”

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Economy

FG Approves Payments to 1,240 Contractors to Ease Liquidity Pressure

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FG contractors protest

By Modupe Gbadeyanka

This news will surely excite local contractors with verified claims of N100 million or less, as the federal government has approved their payments.

This approval for the disbursement was given by the Minister of Finance and Coordinating Minister of the Economy, Mr Taiwo Oyedele.

This followed a verification and reconciliation exercise designed to ensure only validated claims qualify for payment.

The beneficiaries cover contractors across multiple ministries, departments and agencies. The release of the funds is expected to enable contractors to return to project sites, pay workers, settle suppliers and meet outstanding financial commitments.

In an announcement on Monday, the Federal Ministry of Finance also said this latest batch of payments would ease liquidity pressure on small businesses and accelerate economic activity nationwide.

It was noted that the payments for verified claims of N100 million below were strategically done to spread economic impact broadly rather than concentrate disbursements among a handful of large firms.

The payments form part of a broader push to clear inherited contractor obligations, with over N700 billion verified in recent months.

“For many beneficiaries, the release of funds represents more than a financial transaction. It provides the certainty needed to sustain operations, preserve jobs, complete ongoing projects, and contribute to economic recovery and growth,” the ministry said in a statement.

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