NIGERIAN BREWERIES AND KONEXA COLLABORATE TO ACCELERATE RENEWABLE ENERGY TRANSITION
Key Details:
1. Partnership Agreement: Nigerian Breweries Plc has entered into a new power purchase agreement with Konexa, a UK-based energy developer and investor, to transition two of its breweries—Lagos and Ama—to renewable energy. This partnership is part of the company's ongoing efforts to integrate sustainable energy into its operations.
2. Sustainability Goals: This initiative aligns with Nigerian Breweries' long-term sustainability agenda, "Brew a Better World," which focuses on achieving carbon neutrality across all its operations. The company aims to transition its entire business footprint to renewable energy, significantly reducing its carbon emissions.
3. Previous Agreements: This new agreement builds on the 10-year partnership signed in 2022, where Konexa committed to supplying clean energy to the Kakuri and Kudenda Breweries. This move was part of Nigerian Breweries’ broader strategy to achieve 100% renewable energy use across all its facilities.
4. CEO's Remarks: Hans Essaadi, the Managing Director of Nigerian Breweries, emphasized the significance of this agreement in driving down operational costs and supporting the company’s goal to achieve net-zero emissions before 2030. He highlighted the challenges posed by frequent power outages and the rising cost of fossil fuels, further underscoring the importance of renewable energy infrastructure.
5. Broader Context: The agreement comes at a critical time when Nigerian businesses are grappling with rising fuel costs, making renewable energy an increasingly attractive option for reducing operational costs and ensuring energy security.
This partnership is expected to contribute significantly to the country's energy transition efforts, especially as Nigeria looks to address its energy challenges.
Key Details:
1. Partnership Agreement: Nigerian Breweries Plc has entered into a new power purchase agreement with Konexa, a UK-based energy developer and investor, to transition two of its breweries—Lagos and Ama—to renewable energy. This partnership is part of the company's ongoing efforts to integrate sustainable energy into its operations.
2. Sustainability Goals: This initiative aligns with Nigerian Breweries' long-term sustainability agenda, "Brew a Better World," which focuses on achieving carbon neutrality across all its operations. The company aims to transition its entire business footprint to renewable energy, significantly reducing its carbon emissions.
3. Previous Agreements: This new agreement builds on the 10-year partnership signed in 2022, where Konexa committed to supplying clean energy to the Kakuri and Kudenda Breweries. This move was part of Nigerian Breweries’ broader strategy to achieve 100% renewable energy use across all its facilities.
4. CEO's Remarks: Hans Essaadi, the Managing Director of Nigerian Breweries, emphasized the significance of this agreement in driving down operational costs and supporting the company’s goal to achieve net-zero emissions before 2030. He highlighted the challenges posed by frequent power outages and the rising cost of fossil fuels, further underscoring the importance of renewable energy infrastructure.
5. Broader Context: The agreement comes at a critical time when Nigerian businesses are grappling with rising fuel costs, making renewable energy an increasingly attractive option for reducing operational costs and ensuring energy security.
This partnership is expected to contribute significantly to the country's energy transition efforts, especially as Nigeria looks to address its energy challenges.