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Tag: Deepak Khilnani

  • Powergas: Best CNG & LNG company of the Year in Nigeria

    Powergas, Africa’s largest Compressed Natural Gas (CNG) producer and distributor, received the prestigious “Best Compressed & Liquefied Natural Gas Production Company” of the Year in 2016 from The “Institute for Government Research Leadership Technology” (IGRLT). 
    Following an intensive selection process, the Award is bestowed to an internationally recognised organization that is performance driven, innovative and contributes positively to the economic growth and prosperity of Nigeria.
    The IGRLT recognised Powergas as the pioneer in the off pipeline gas distribution network in Nigeria, with both gas compression and distribution capabilities and commended them for continued investment in the industry. Powergas is not only the largest but also the fastest growing CNG supplier in Nigeria, having doubled its client base in the past year.
    Deepak Khilnani, Chairman of the Clean Energy Group and CEO of Powergas, said: “Thank you to IGRLT for recognising our efforts in the CNG & LNG industry and congratulations to the Powergas team for continued hard work. We have an exciting phase of growth over the next two years with plans to add an additional 820 Million scm per annum CNG & LNG capacity in Nigeria.”
     
    Mr. Aloy Duru, Director of Powergas received the award on behalf of the organisation. Duru is a well-known Chartered Engineer with over 30 years multi-disciplinary experience in the Nigerian Oil & Gas industry, having previously served as the Chief Engineer at Shell Nigeria.
     
    While receiving the award he stated: “Powergas is committed to Nigeria’s CNG & LNG development and we will continue to invest not only in additional compression and liquefaction stations but also innovative customer solutions. Our aim is to get high-quality gas to you safely at competitive rates.”
    The 2016 African Governance & Corporate Leadership Awards Ceremony was held at Abuja, with influencers from the Oil, Gas & Power Industry attending.
     
    Powergas was originally formed to address the severe energy and electricity challenges in Nigeria. Plagued with a limited gas pipeline infrastructure, unreliable grid connected power and expensive, environmentally polluting diesel standby power generation, Powergas’ clean and competitive ‘virtual pipeline’ offering provides natural gas to clients who are not connected to the pipeline.
     
    Powergas operates three compression plants around Nigeria, delivering clean and cost effective energy tosix states both in the west and eastern regions of the nation. An additional two compression stations are planned for 2017, spreading Powergas’ reach in over 13 states and more than 27 major cities across Nigeria, as well as capacity expansion at existing mother stations to meet demand for natural gas.
    In the past 6 years of operations Powergas has proudly had a 100% positive safety record while conducting over 60,000 CNG deliveries.
  • Pipeline Disruption: Powergas Promises CNG as alternative

    Pipeline Disruption: Powergas Promises CNG as alternative

    Following the recent rise in pipeline vandalism, power generation and gas supply to industries has been significantly impacted, escalating manufacturing costs as industries are forced to switch back onto more expensive and polluting diesel fired power generation.

    Unfortunately the attacks on the pipelines are coming at a time when the Nigeria power sector started to gain momentum.

    Compressed Natural Gas (CNG) is a good interim solution for manufacturing firms and residential estates seeking access to natural gas. CNG still offers a significant cost saving compared to diesel – the fuel price alone is about half of diesel. Natural gas is also a much cleaner fuel than diesel, reducing maintenance costs and wear and tear on industrial machinery.

    When speaking at an energy conference, Deepak Khilnani, CEO of Powergas, reiterated his commitment to supplying natural gas via “Virtual Pipeline” to industries as an alternate and cost effective source of power generation.

    Powergas Africa, Nigeria’s largest CNG producer and distributor, is filling this natural gas void in the market. Powergas pioneered the Nigerian CNG market, delivering an innovative ‘Gas on Wheels’ solution as an alternative to pipeline gas supply for customers across the country. CNG is also a popular alternative fuel source for diesel globally as it is easy and safe to transport through high-pressure skids directly to remote areas.

    There are also many environmental benefits operating on natural gas, such as up to ten times less reduced nitrogen and carbon emissions.

    “We understand the difficult market conditions for industries and national power generation – both the economic uncertainty coupled with the current gas crisis. Powergas is fully committed to finding power and gas solutions and is continuing to invest in new off pipeline compression and liquefaction plants to meet additional demand,” Khilnani said.

  • Firm introduces alternative power supply for manufacturing sector

    Powergas Africa Limited is set to change the fortunes of manufacturing firms throughout sub-Saharan Africa.

    Headed by Mr. Deepak Khilnani, the Company’s ‘Gas on Wheels’ service is providing firms with a real alternative to dirty and expensive diesel fuel, offering the region’s manufacturing sector a new lease of life.

    Speaking on the challenges faced by most manufacturing companies in Nigeria, Mr. Khilnani, Chief Executive Officer, Powergas Africa said that the need for the adoption of Gas to Power Solutions by manufacturers in Nigeria is inevitable, because energy costs is a major challenge faced by most manufacturing companies today.

    “This has become imperative, more so, in these tough times where organizations are concentrating on cost optimization, import substitutions and energy security, and Nigeria’s Domestic Gas Reserves tick these 3 boxes perfectly.

    “There is a gap between the end-users and gas producers (due to developing Gas Pipeline Infrastructure), which Powergas is dedicated to fill in with its novel ‘Virtual Gas Pipeline’ Solution in the form of Compressed Natural Gas (CNG) or Liquefied Natural Gas (LNG).

    “This not only optimizes production & increases efficiency for the manufacturers, but also ensures reliability and adequate supply, especially, in today’s times when ‘Fuel Shortage’ is not uncommon.”

    Also, Mr. Khilnani noted that most companies depend on Diesel Generators for their power requirements and this comes at a very high cost coupled with its impact on environment and public health.

    He stressed that CNG/LNG remain one of the most reliable source of fuel for power generation for industries that require constant power for their production & processes, and in addition, to eradicate the above negative impacts of Diesel on Environment & Public Health, it is also cost effective and ‘Pilferage-Proof”.
    “Many companies have shut down because of expensive energy cost, but when a company adopts CNG, they save money, cost becomes low, they make more profit, pay more tax, employ more people and pay their salaries promptly.

    “It is a fact that the cost of power generation from gas is far less than half the cost of diesel-generated power, and it will provide constant power supply as well as have a positive impact on the environment.

    “This is why – Powergas Africa is -promoting clean gas energy as an alternate source of power generation, he said.

    He also applauded the recent efforts and policy implementation of the Federal Government of Nigeria (FGN) in the Power and Energy Sector, especially the giant strides that have been taken in the Gas-to-Power Sector.

    He emphasized that the future of a resource-rich, high populous and power-deficit economy like Nigeria remains in the adoption of Domestic Natural Gas as a source of Fuel for Power Generation.

    This will decrease the pressure on the economy from Dollar-based Fuel Imports, and moreover will position Nigeria as a leader in Africa and set example for other Developing Nations to cut down its Carbon Emissions.

    Mr. Khilnani reiterated the company’s deep commitment to ethical standards and professionalism, which has brought Powergas Africa naturally into the clean and renewable energy segment.

    “The goal of Powergas is to ensure that as many industries as possible adopt CNG as a major source of power generation and ultimately drive increased production activities in the economy.

  • Alleged fraud: Briton asks court to quash charges

    A British chartered accountant, Deepak Khilnani, arraigned in court by Lagos State government has asked a Lagos High Court sitting in Ikeja to quash the $8.8 million fraud charge preferred against him for want of jurisdiction.

    Khilnani made the request in a preliminary notice of objection filed on Wednesday by his counsel, Mr. Kayode Ajekigbe, before the court presided by Justice Oluwatoyin Ipaye.

    Khilnani and an alleged accomplice, Dr. Sushil Chandra are facing a four-count charge of conspiracy, cheating, stealing and false representation preferred against them by the state Director of Public Prosecution (DPP).

    ‎The DPP had charged the defendants for allegedly duping their Nigerian partner, Green Fuels Limited, of $8.8 million in 2008.

    According to the prosecution, the defendants “fraudulently tricked Green Fuels Limited to pay greater sum for machinery purchased from Gentec Limited than it would have paid for such machinery.”

    They were also accused of making false statement to the Corporate Affairs Commission in order to facilitate the fraud.

    , Justice Ipaye had fixed Wednesday for their arraignment following the failure of their counsel to produce them in court on July 31.

    However, at the resumption of proceedings on Wednesday, the DPP, Mrs. Idowu Alakija, told the court of the prosecution’s intention to amend the proof of evidence by substitution.

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  • Briton arraigned for duping Nigerian partner of $8.8m

    The Lagos State Government has arraigned an Indian-Briton chartered accountant, Deepak Khilnani, before a Lagos High Court, Ikeja, over an alleged $8.8million fraud.

    ‎Khilnani, who was arraigned alongside one Dr. Sushil‎ Chandra, was alleged to have duped his Nigerian partner, Green Fuels Limited, to the tune of $8.8million in 2008.

    However, Khilnani, who was not in court, was represented by his counsel, Kayode Ajekiigbe.

    The defendants were arraigned in the court presided by Justice Oluwatoyin Ipaye.

    They were facing a four-count charge bordering on conspiracy, cheating, stealing and false representation.

    The prosecution led by Akin George, alleged that the suspects “fraudulently tricked Green Fuels Limited to pay greater sum for machinery purchased from Gentec Limited than it would have paid for such machinery.”

    The suspects were also accused of making false statement to the Corporate Affairs Commission “knowing same to be false, with intent to defraud the shareholders and members of Green Fuels Limited.”

    The offences, according to the prosecution contravened sections 390(6), 421, 422 and 436 of the Criminal Code Law, Cap C17, Vol.2, Laws of Lagos State, 2003.

    Khilnani’s counsel, Ajekiigbe however told the court that his client’s absence was because he was yet to be served formally, adding that he (Ajekiigbe) was in court as a result of a publication he read in a newspaper.

    But the prosecutor, George disagreed with the submission of the defence counsel.

     

  • DPP establishes $8.8m fraud case against Briton

    For allegedly committing financial crimes against a Nigerian firm, a British ex-convict, Deepak Khilnani, has been indicted by the Director of Public Prosecution (DPP), Lagos.

    The suspect who has since absconded to England after he was granted administrative bail by the police may be extradited to Nigeria to answer the charges against him.

    Already, the DPP has filed a four -count charge before a Lagos High Court, Ikeja, against Deepak and one Sushil Chandra, both of whom allegedly defrauded an energy firm through a United Kingdom based company, Gentec Energy Plc.

    Khilnani, a chartered accountant of Indian descent, was reportedly involved in similar offence in the UK, of which he was convicted and jailed for 18 months.

    According to a conviction certificate dated November 13, 1998, issued by the British Crown Court at Blackfriars and obtained by The Nation, Khilnani was sentenced for “trading with intent to defraud creditors, false accounting and making false statement to auditors.”

    The UK court document marked T19970811 and signed by J. Jordan stated that Khilnani was disqualified for six years under Section 2, Company Directors Disqualification Act 1986, and fined £15, 000 as cost of prosecution.

    According to the charge sheet filed by the DPP and marked ID/1544C/15, obtained by The Nation, the accused persons sometime in 2008, conspired to defraud the Nigerian firm of $8.776, 862.