Renewable energy developer, Konexa, with funding from Climate Fund Managers has partnered with Kaduna Electric Distribution Company (KAEDCO) in the establishment of a private renewable energy generation and distribution sub-franchise project in Kaduna state, Nigeria.
The project will encompass the development and construction of a 2.5MW solar PV plant with the capacity to include a storage component.
Part of the project will also include the construction of eight solar mini-grids and associated distribution works.
This will include the roll out of solar home systems, deployment of smart metering infrastructure; and an integrated cutting edge information and operations technology platform, grid network upgrades, as well as securing energy supply from nearby existing renewable generation assets.
The information in tandem with the press release disclosed that the integrated approach demands an investment of approximately $50 million. It will enable Konexa to serve the total range of customers in its sub-franchise area – from large commercial and industrial customers that currently cannot rely on KAEDCO due to supply reliability and quality issues to small rural customers that cannot be reached by the grid.