Nigerian Breweries Signs Renewable Power Purchase Agreement

Nigerian Breweries Plc has partnered with Konexa and signed a landmark power purchase agreement to supply 100% renewable energy to its Kaduna breweries.

This bold step is in line with its business strategy and sustainability program “Brew a Better World”. Supplying clean and renewable energy to its Kakuri and Kudenda breweries will bring the company closer to its quest to become carbon neutral in the future.

Under the terms of the ten-year agreement, Nigerian Breweries Plc has outsourced the power supply of its critical loads for its breweries, switching from fossil fuels to a full-service renewable energy solution, using hydroelectric power sources. .

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This project is co-financed by Climate Fund Managers and Konexa.

Speaking at the official contract signing ceremony held at the company’s headquarters in Iganmu Lagos, Nigerian Breweries Plc Managing Director Hans Essaadi described the deal as another milestone for NB Plc, saying, “By 2030, we want to become a benchmark standard in Nigeria for sustainability and resource efficiency. As part of our Brew a Better World program, we are taking several bold steps to become a carbon neutral company. This agreement represents another important step in our journey, and we are delighted to partner with Konexa to reduce our energy costs and production costs,” said Hans.

In his remarks at the signing ceremony, Konexa Chief Commercial Officer Joel Abrams explained that the agreement is part of Konexa’s commitment to support industry, national governments and utilities to achieve power clean and reliable 24/7 in Nigeria and beyond. He added that the partnership anchors Konexa’s confidence in the Nigerian power sector and will bring long-term investments and world-class operations to support the sustainability of the sector by improving reliability, service quality and generation. jobs.

“We are very happy to be part of the energy transition that Nigerian Breweries Plc. is in the lead. This agreement is particularly important in the current context of rising energy costs from traditional fossil fuels. This type of solution can be applied to many businesses across Nigeria, allowing them to get electricity at a lower cost from a reliable partner while focusing on their core business,” he said. he adds.

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Chief Investment Officer, Climate Fund Managers, Tarun Brahma said, “We are proud to support Konexa and look forward to actively supporting Nigerian Breweries Plc. as they show leadership in driving the decarbonization of their operations in Nigeria”.

In 2021, Nigerian Breweries Plc commissioned its 663.6 KWP solar power plant at its Ibadan brewery, which provides 1 GWh per year to the brewery while reducing its carbon emissions by 10,000 tonnes over a lifetime 15 years of the plant.