NTPC’s green energy arm eyes USD 1.2bn from Indian IPO
Sep 19, 2024 11:52 CESTNigerian Breweries Plc has pledged to meet 70% of its power consumption with electricity from renewable sources by 2030.
To achieve this goal, the company is already developing a number of renewable energy projects at its breweries and has even just formally commissioned one in Ibadan, Oyo State. It is a 663.6-kWp rooftop solar array that will supply 800 MWh of electricity per year under a 15-year solar service agreement with local renewables firm Crossboundary Energy Nigeria Limited.
The official commissioning ceremony took place on Thursday and was attended by the state’s executive governor Oluseyi Makinde. At the event, Nigerian Breweries’ managing director Jordi Borrut Bel said, as quoted by local media, that the Ibadan brewery project was realised at a total cost of over NGN 300 million (USD 728,000/EUR 595,500).
(NGN 100 = USD 0.243/EUR 0.198)
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