NB Plc, Konexa to deploy renewable energy to Kaduna breweries

NIGERIAN Breweries Plc, yesterday, signed a power purchase agreement with Konexa, an integrated energy development and investment platform to deliver 100 per cent renewable energy that will fully cover the electricity needs of its two breweries in Kaduna state.

The decision, according to the firm, is in line with its business strategy and ‘ Brew a Better World’ sustainability agenda. The supply of clean, renewable energy to its Kakuri and Kudenda breweries will take the company one step closer in its quest to becoming carbon- neutral in future.

Under the terms of the tenyear agreement, Nigerian Breweries Plc has outsourced the power supply for its critical loads for its breweries, converting from fossil fuels into a full- service renewable energy solution, using hydropower sources.

This project is co- funded by Climate Fund Managers and Konexa.

Speaking during the official contract signing ceremony in Lagos, the Managing Director of Nigerian Breweries Plc., Hans Essaadi, described the agreement as another significant milestone for NB Plc.

He said, “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.

This agreement represents another significant step in our journey, and we are excited to partner with Konexa to reduce our energy costs and cost of production.”