The parent company of First WATT Renewables Limited, WATT Renewable Corporation, has signed a $13 million deal with Empower New Energy to reduce diesel use in powering telecommunications infrastructure.
At the signing ceremony in Lagos, the partners said that the investment would cover modernizing existing sites, powering telecommunication sites, and doing turnkey-type work on new sites to help them stay sustainable.
Oluwole Eweje, the CEO of WATT Renewable Corporation, said: “To start off, we are looking at modernizing over 200 telecom sites within 10 months, and part of that plan is to reduce consumption of diesel by 3 million liters on an annual basis.”
He added that the project will need the employment of 100 people to construct 200 telecom infrastructures, modernize them, and operate them efficiently.
Read more: https://www.investingport.com/watt-secures-13-million-to-drive-renewable-energy-in-nigeria/