- The Konexa and NSP agreement promotes sustainable development and infrastructure investment of over £14 million.
- The firm is looking forward to north of £120m investment in power generation, transmission, distribution and battery storage technologies in the future.
Konexa, a UK energy firm, will sign a £14 million deal today with Nigerian power generation company North South Power (NSP) to provide Nigerian Breweries with 100 per cent renewable energy in the coming years. The signing event will form part of the British Business and Trade Secretary, Kemi Badenoch’s engagement with Nigeria during her visit to Abuja. UK’s Department of Business and Trade disclosed this in a statement. According to the statement, Badenoch will witness the signing of an energy agreement between Konexa and NSP.
The statement read in part, “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).” Furthermore, the agreement includes providing renewable energy to Nigerian Breweries, promoting sustainable development, and investing over £14 million in infrastructure. The CEO of Konexa, Pradeep Pursnani, stated that the deal favours all partners involved. 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.” The United Kingdom disclosed that it will sign a new trade pact with Nigeria to eliminate trade barriers and foster collaboration in legal, financial, energy and creative industries.