Irish Tech Coy Signs N9.8bln Deal With Nigerian Telco

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Hybrid Energy, an Irish energy company, said it has entered into a deal valued at €45 million (N9.8 billion) with a Nigerian telecommunication company to provide hybrid energy supply for the telco’s telecoms towers.

The energy firm however did not disclose the name of the telecoms company but said the telco owned up to 9.000 tower stations scattered all over the country.

According to Hybrid Energy’s Chief Executive officer, Mr. Nick McGrath, the project when implemented will reduce the telco’s expenditure on diesel by as much as 80 percent.

“We’ve done a deal to supply hybrid generators to a company that owns about 9,000 mobile phone masts in Nigeria. The generators will reduce their diesel requirement by 80pc and phase one, which will gulp 45 million euros (N9.8 billion) will see us service just 2,000 towers. But this is just the start of it.

“There are 150,000 masts across Africa that relies on generators for power. There are also thousands more units required in mines. It’s going to be a busy few years,” he said.

 

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