In line with the company’s sustainability agenda, the PPA marks a significant step for Nigerian Breweries, enabling the transition from fossil fuels to hydropower.

“By 2030, we want to become a standard reference point in Nigeria when it comes to 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,” said Managing Director of Nigerian Breweries, Hans Essaadi.

Konexa Commercial Director, Joel Abrams, noted that the agreement forms part of Konexa’s overall commitment to supporting industry, national governments, and utilities to attain clean and reliable power in Nigeria and elsewhere. While the partnership demonstrates the company’s confidence in Nigeria’s power sector, the PPA will go one step further to trigger long-term investment to support sustainability in Nigeria’s energy sector.

“We are very pleased to be part of the energy transition that Nigerian Breweries is leading. This agreement is particularly significant in the current context of increasing energy costs from traditional fossil fuels. This type of solution can apply to many businesses across Nigeria, allowing them to obtain cost-effective power from a reliable partner while focusing on their core business,” Abrams concluded.