A United Kingdom energy firm, Konexa, is set to sign a £14 million deal with Nigerian counterpart North South Power today to provide Nigerian Breweries with 100% renewable energy in the coming years.
The signing event will be part of the engagement of the British Business and Trade Secretary, Kemi Badenoch, during her visit to Abuja, as outlined in a statement from the United Kingdom’s Department of Business and Trade.
According to the statement, the Trade Secretary will witness the signing of an energy agreement between UK-based Konexa and Nigerian power generation company North South Power (NSP).
Details of the Agreement:
The agreement entails the provision of renewable energy to Nigerian Breweries, along with the promotion of sustainable development and infrastructure investment exceeding £14 million.
Pradeep Pursnani, the CEO of Konexa, highlighted that the deal benefits all partners involved, expressing anticipation for over £120 million in investment in power generation, transmission, distribution, and battery storage technologies in the future.
He stated, “This is a very important milestone for Konexa, North South Power, Nigerian Breweries, and all our investment partners. Over the last few years, Konexa has been working on a disruptive model that matches customer energy demand with renewable energy supply.”
“We are looking forward to investing more than £120 million in renewable energy generation, transmission, distribution, and battery storage solutions to help our customers transition away from the use of fossil fuel.”
The agreement signifies a significant step towards promoting renewable energy adoption and sustainable development in Nigeria’s energy sector.
