Solad and Viathan to Power Nigerian Businesses
Solad Power Group is a leading provider of distributed energy solutions in Nigeria. Viathan Engineering Limited and the company formed a strategic partnership to deliver integrated energy solutions to customers outside of Lagos and across Nigeria.
Solad and Viathan had earlier collaborated closely on Solad’s flagship project in Lagos’ Sura market; which provides over 1000 small businesses with reliable and affordable power generated by Viathan’s gas generation plant on the island.
The new alliance brings together Viathan’s world class engineering, gas infrastructure; and gas to power generation capability with Solad’s solar generation capability; last mile distribution; customer service; technology and value-added services proposition. Solad and Viathan are already collaborating on a range of new opportunities.
Commenting on the partnership, Solads Power Group’s Chief Executive Officer Denis O’Brien said; “The success of the partnership and the synergies between Viathan; and Solad have been very clearly demonstrated at the Sura project.
“This alliance will allow us to build on those synergies by developing integrated propositions for additional sites across the region; where a hybrid combination of gas and solar can overcome intractable energy supply problems for businesses of all sizes. By combining our balance sheets, the alliance will also create new financing opportunities at scale; and allow us to lower the cost of project delivery.”
Viathan, Habeeb Alebiosu also stated that; “Following the success of the Sura project, Viathan recognises Solad’s ability to develop the last mile and customer services’ infrastructure for hybrid power solutions, this means that we can utilise our gas generation capacity to access a much wider range of customers. We are very pleased to be extending our partnership, bringing together two key pillars of the government’s energy strategy in gas monetisation and renewables.”
Solad focuses on under-served segments of the energy market, prioritising support for the individuals, small businesses and social infrastructure providers who struggle with access to unreliable or prohibitively expensive energy solutions. Solad has an existing expansion programme to install a further 12 mini-grid solutions in markets across the South West of Nigeria over the next two years, adding more than 20,000 small businesses to its network.
Adapted from: Business Day, Ifeoma Okeke.
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