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PSC Industries
seals N42.5b solar energy deal with
German firm
By Roseline Okere
PSC
Industries Limited, a Lagos -
based company,, has signed a
N42.5 billion deal with a German
company, Solara AG to provide
solar electricity in the
country.
This agreement allows PSC
Limited to distribute
Solara's complete line of
solar panels and solar
systems to the Nigerian
market.
Briefing the media
yesterday in Lagos, the
chief executive officer
of the company, Dr.
Patrick Owelle disclosed
that the agreement is
calculated to be worth
over 250 million Euro
and expected to last for
over 10 years.
He added that the
agreement also
enables PSC Limited
to distribute
Solara's line of
products in Benin,
Equatorial Guinea,
Ghana and Sierra
Leone.
The line of the
products, Owelle
explained,
includes solar
panels, solar
lights, solar
home lighting
Electricity and
systems for the
residential
areas, as well
as solar power
systems for the
small and large
enterprises
market.
He said PSC
Industries
and Solara
will develop
systems for
the Nigerian
market in
close
co-operation,
which
provides
four
standard
solar kits
of
110W-1000W,
as well as
standard
Mini-grid
AC/Coupled
system
designed and
developed by
both firms.
"These units
will provide
both single
phase and
three phase
power and
can be
configured
to whatever
your
electricity
demands will
be", he
added.
He
explained:
"PSC
industries
Limited
recognises
the
growing
importance
of solar
electricity
in the
general
electricity
supply
to
Nigerian
households
and
small to
medium
companies.
PSC
Industries
Limited
also
recognises
the
importance
of
selling
high
quality
products
to its
customers,
as
customers
will
become
dependent
on the
electricity
as
supplied
by solar
energy
systems.
"We
are
therefore
proud
to
be
able
to
provide
Low
cost,
constant
and
reliable
electricity
to
Nigeria.
The
days
of
no
electricity
or
unreliable
electricity
are
over.
No
more
noisy
generators,
no
more
payment
for
diesel
fuel,
no
more
need
to
use
kerosene
lanterns,
no
more
electricity
bills
and
no
more
dependence
on
unreliable
grid
electricity.
"We are determined and committed to contribute and help our country to solve the electric power problem once and for all".
Owelle who said that PSC industries is based in the United States with a branch office in Nigeria, Ghana. Equatorial Guinea. Sierra Leone, Benin Republic, United Kingdom and Canada, further stated that the beauty of solar electricity is that it is a free gift from God and therefore no reason why Africa should not take advantage of it.
The system, he noted, is completely free of charge after the purchase and installation of a unit sold as low as $500 (N63,000) and capable of providing electricity to an apartment.
Speaking in a similar note, the managing director of Solara said: "We are extremely satisfied to announce PSC Limited as our partner in Nigeria. PSC and Solara share the same thoughts on the growing importance of solar energy in the Nigerian market, and on the need and the way to address the market with high performance solar panels and systems".
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