Jump menu

Main content |  back to top

News and Media Releases

UN rewards SPDC JV Afam VI Power Plant for reducing carbon emissions

The Afam VI Power Plant in Rivers State has been recognised and rewarded by the United Nations for reducing carbon emissions through environmentally friendly operations.
Members of the Afam VI team with the UN auditors

Members of the Afam VI team with the UN auditors

The United Nations Framework Convention on Climate Change (UNFCCC) issued the 650-megawatt plant some 541,537 Certified Emission Reductions (CER) credits for its first crediting period between November 1 2012 and October 31, 2013. This makes the plant, built and operated by The Shell Petroleum Development Company of Nigeria (SPDC) Joint Venture, the first energy efficiency project on power generation registered from Nigeria and also the first UN registered Clean Development Mechanism (CDM) initiative in the Shell Group.

"The achievement is a solid demonstration of the philosophy of operational excellence that underpins the business of Shell companies in Nigeria," said Osagie Okunbor, SPDC Managing Director and Country Chair, Shell Companies in Nigeria. "Over the years, Afam VI Power Plant has proved to be a reliable generator of electricity in Nigeria, and the sound management of operations by staff and contractors has continued to make it a world-class facility."

The Intergovernmental Panel on Climate Change has identified carbon emissions from burning of fossil fuels for energy as a major cause of climate warming, and called for concerted action by governments around the world to cut down such emissions. The CDM is a flexible market-based mechanism of the UN Kyoto Protocol which allows emission-reduction projects in developing countries earn CER credits. Typically, a project earns 1 CER for every tonne of carbon dioxide emission that is reduced. These CERs can be traded and paid for by industrialised countries to meet a part of their emission reduction targets under the Kyoto Protocol, in deals worth thousands of dollars. Thus, the Afam VI Power Plant has earned additional revenue to the SPDC Joint Venture through the certification of 541,537 Certified Emission Reductions credits, and will have more opportunity to do so within the 10-year crediting period.

Afam VI is a Combined Cycle Gas Turbine (CCGT) which means it generates electricity from gas turbines and uses the waste heat to produce steam and generate additional power via a steam turbine. The design reduces the carbon footprint of the plant and enhances the efficiency of electricity generation. In 2013, the UN Executive Board for Climate Change registered the power plant as a CDM project. This led to a rigorous process of monitoring and verification by UN auditors who made site visits to assess the operations and confirm data and documentation.

Issued by: Precious Okolobo

Corporate Media Relations Manager

+234 80702 65019

November 29, 2015

Cautionary statement

The companies in which Royal Dutch Shell plc directly and indirectly owns investments are separate entities. In this press release "Shell", "Shell group" and "Royal Dutch Shell" are sometimes used for convenience where references are made to Royal Dutch Shell plc and its subsidiaries in general. Likewise, the words "we", "us" and "our" are also used to refer to subsidiaries in general or to those who work for them. These expressions are also used where no useful purpose is served by identifying the particular company or companies. ''Subsidiaries'', "Shell subsidiaries" and "Shell companies" as used in this press release refer to companies over which Royal Dutch Shell plc either directly or indirectly has control. Companies over which Shell has joint control are generally referred to "joint ventures" and companies over which Shell has significant influence but neither control nor joint control are referred to as "associates". In this press release, joint ventures and associates may also be referred to as "equity-accounted investments". The term "Shell interest" is used for convenience to indicate the direct and/or indirect ownership interest held by Shell in a venture, partnership or company, after exclusion of all third-party interest.

This press release contains forward-looking statements concerning the financial condition, results of operations and businesses of Royal Dutch Shell. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management's current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements include, among other things, statements concerning the potential exposure of Royal Dutch Shell to market risks and statements expressing management's expectations, beliefs, estimates, forecasts, projections and assumptions. These forward-looking statements are identified by their use of terms and phrases such as ''anticipate'', ''believe'', ''could'', ''estimate'', ''expect'', ''goals'', ''intend'', ''may'', ''objectives'', ''outlook'', ''plan'', ''probably'', ''project'', ''risks'', "schedule", ''seek'', ''should'', ''target'', ''will'' and similar terms and phrases. There are a number of factors that could affect the future operations of Royal Dutch Shell and could cause those results to differ materially from those expressed in the forward-looking statements included in this press release including (without limitation): (a) price fluctuations in crude oil and natural gas; (b) changes in demand for Shell's products; (c) currency fluctuations; (d) drilling and production results; (e) reserves estimates; (f) loss of market share and industry competition; (g) environmental and physical risks; (h) risks associated with the identification of suitable potential acquisition properties and targets, and successful negotiation and completion of such transactions; (i) the risk of doing business in developing countries and countries subject to international sanctions; (j) legislative, fiscal and regulatory developments including regulatory measures addressing climate change; (k) economic and financial market conditions in various countries and regions; (l) political risks, including the risks of expropriation and renegotiation of the terms of contracts with governmental entities, delays or advancements in the approval of projects and delays in the reimbursement for shared costs; and (m) changes in trading conditions. All forward-looking statements contained in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. Readers should not place undue reliance on forward-looking statements. Additional risk factors that may affect future results are contained in Royal Dutch Shell's 20-F for the year ended December 31, 2014 (available at www.shell.com/investor and www.sec.gov ). These risk factors also expressly qualify all forward looking statements contained in this press release and should be considered by the reader. Each forward-looking statement speaks only as of the date of this press release, November 29, 2015. Neither Royal Dutch Shell plc nor any of its subsidiaries undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information. In light of these risks, results could differ materially from those stated, implied or inferred from the forward-looking statements contained in this press release.

We may have used certain terms, such as resources, in this press release that United States Securities and Exchange Commission (SEC) strictly prohibits us from including in our filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 20-F, File No 1-32575, available on the SEC website www.sec.gov.

Page Tools