Konexa, a UK-based energy company, and North South Power, a Nigerian counterpart, will today ink a £14 million agreement to provide Nigerian Breweries with 100% sustainable energy in the upcoming years.
The signing ceremony will be a part of British Business and Trade Secretary Kemi Badenoch’s visitation to Abuja, Nigeria.
This is in line with a statement from the UK Department of Business and Trade that describes Ms. Kemi Badenoch’s visitation activities in Nigeria.
Read Also: Crypto: Bitcoin Is On Steroids, Market Valuation Set To Hit $1 Trillion
According to the announcement, Nigerian power producer North South Power (NSP) and UK-based Konexa will sign an energy deal in front of the Trade Secretary.
It stated, “While in Nigeria, the Business and Trade Secretary will also witness the signing of a landmark energy agreement between UK-based energy firm Konexa and Nigerian power generation company North South Power (NSP).”
Further details of the agreement include; the provision of renewable energy to Nigerian Breweries, promotion of sustainable development and infrastructure investment in the excess of £14 million.
Read Also: Why 2024 Nigerian Budget Is Insufficient To Boost Economy Amid Naira Devaluation – Experts
The CEO of Konexa, Pradeep Pursnani noted that the deal favours all partners involved and the firm is looking forward to north of £120 million investment in power generation, transmission, distribution and battery storage technologies in the future.
He said, “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 £120m in renewable energy generation, transmission, distribution, and battery storage solutions to help our customers >transition away from the use of fossil fuel.”
