- Nigerian Breweries Plc signs PPA with Konexa for Renewable Energy Development.
- The company wants to power its activities through renewable energy.
Nigerian Breweries (NB) Plc has entered into a power purchase agreement (PPA) with Konexa, integrated energy development and investment platform to deliver 100 per cent renewable energy that will cover the electricity needs of its two breweries – Kakuri and Kudenda, in Kaduna State.
In the 10-year agreement, Nigerian Breweries will convert the power supply for its operations from fossil fuels to renewable energy via hydropower. The transition aligns with its business strategy and ‘Brew a Better World’ sustainability agenda. The project is co-funded by Climate Fund Managers and Konexa.
According to the Managing Director, NB, Mr Hans Essasdi, the agreement is a significant step in the company’s quest to operate a carbon-neutral plant in the future, adding that its partnership with Konexa will reduce its energy costs and cost of production. “By 2030, we want to become a standard reference point in Nigeria regarding sustainability and efficient use of resources. Under our ‘Brew a Better World’ agenda, we are taking several bold steps to become a carbon-neutral company”, Hans explained.
The Commercial Director at Konexa, Joel Abrams, explained that the agreement was part of Konexa’s commitment to supporting industry, national governments and utilities to achieve clean and reliable 24-hour-a-day power.
He added that the partnership anchors Konexa’s confidence in the power sector and will bring long-term investment and world-class operations to support the sector’s sustainability by improving reliability, quality of service, and job creation.