- Julius Berger Nigeria PLC, a leading Nigerian company, has relied on off-grid diesel generators for over seven years.
- This strategic move allows the company to reallocate resources more effectively, enhancing profitability and enabling reinvestment
Julius Berger Nigeria PLC, a leading Nigerian company, has relied on off-grid diesel generators to power its Victoria Island (VI) location for over seven years. While diesel generators have provided a reliable energy source, they also have significant drawbacks, including high operational costs and substantial carbon emissions.
Diesel generators are notorious for emitting large quantities of greenhouse gases, contributing to air pollution and climate change. In addition to their environmental impact, diesel generators are increasingly costly. Fluctuating diesel prices and the regular maintenance required to keep these generators running have driven up operational expenses.
In recent years, diesel prices have surged, with global supply chain disruptions, geopolitical tensions, and rising demand pushing prices up by over 30 per cent between 2021 and 2023, according to the International Energy Agency (IEA).
The impact has been even more pronounced in Nigeria, with diesel prices more than doubling during this period. This steep increase has placed considerable financial strain on businesses like Julius Berger.
This strategic move allows the company to reallocate resources more effectively, enhancing profitability and enabling reinvestment in growth and innovation. The VI location now benefits from a more stable and environmentally friendly power supply by switching to Elektron’s premium feeder network. The move significantly reduces the company’s carbon footprint, aligning with global sustainability goals and environmental regulations.
Julius Berger Nigeria PLC recently made a strategic shift by connecting its VI location to Elektron’s premium feeder network. This transition marks a significant milestone in the company’s sustainability efforts and operational efficiency.
Furthermore, Elektron Energy Development Strategies Limited (Elektron Energy) is an energy infrastructure company that acquires, develops, and owns energy infrastructure projects in West Africa. Partnering with Eko Electricity Distribution Plc. (EKEDP), Elektron Energy has embarked on a $50 million 30-megawatt (MW) embedded natural gas-fired power plant in Lagos, Nigeria.
Moreover, the embedded Independent Power Plant (IPP) supplies uninterruptible electricity through dedicated 33kV and 11kV distribution networks exclusively to identified customers within Lagos state’s Victoria Island franchise area using natural gas IPP.