Kano State Electricity Distribution Company on Tuesday signed a $100m Memorandum of Understanding with a foreign investor, Konexa, for the generation, storage, and distribution of electricity.
Konexa would invest $100m on the provision of cutting-edge technology in deploying renewable energy.
The Chief Executive Officer of Konexa, Pradeep Pursnan, who said this at the British High Commission in Abuja where the MoU was signed, said the agreement was backed by the Nigeria Sovereign Investment Authority and would produce and distribute 10 megawatts of electricity to 30,000 consumers in Kano…
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