National Economy
Wednesday, July 30, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

NERC Approves Konexa As Kaduna Electric’s Sub-Concessionaire

by
5 years ago
in News
Reading Time: 3 mins read
Share on FacebookShare on TwitterShare on Telegram

The Nigerian Electricity Regulatory Commission (NERC) has approved the sub-concession agreement between Kaduna Electricity Distribution Company (KAEDCO) and Konexa, an integrated energy distribution company registered as ECOF Kaduna Ltd. The agreement will enable Konexa to render electricity services in selected parts of Kaduna Electric’s franchise.

Under the approved arrangement, Konexa is expected to make investments in network infrastructure that will guarantee a 24/7 supply of electricity within the sub-concession area to all customers, from large commercial and industrial off-takers to low demand residential customers.

Konexa’s interventions will also see the roll-out of new metering technology, the deployment of off-grid solutions such as mini-grids and solar home systems to serve unconnected populations and the installation of embedded generation capacity where required.

Konexa’s integrated distribution model is based on partnerships with existing utilities, bringing cutting edge technologies like smart meters to bear, and delivering a robust customer value proposition for access to reliable power for all.

You May Like

Stakeholders Warn Against Weakening FoI Act

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

A statement signed by the Head of Corporate Communication of Kaduna Electric, Abdulazeez Abdullahi, said the approval was contained in a letter sent to the Managing Director/CEO of Kaduna Electric by the Chairman, Nigerian Electricity Regulatory Commission, Prof. James Momoh.

According to the statement, the sub-concession agreement shall be subject to all existing and other future regulations as may be determined by the regulator. “ECOF Kaduna Ltd. (Konexa) shall operate under the electricity distribution license of Kaduna Electricity Distribution Company Plc (KAEDCO) as a sub-concessionaire. The rights and obligations of ECOF Kaduna Ltd (Konexa) under the agreement shall be derived from the existing terms and conditions of the license issued to Kaduna Electricity Distribution Company PLC (KAEDCO)”, the approval letter stated.

The Kaduna Electric spokesman stated that the partnership between Kaduna Electric and Konexa is aimed at accelerating much-needed improvements in service delivery.

He reiterated the commitment of the Company to partner with like-minded organisations with the view to attracting investment into the Nigerian Electricity Supply Industry so as to ensure quick resolution of the challenges bedeviling the sector.

The Chairman of Kaduna Electric, Yusuf Abubakar stated “This is a win-win partnership that will bring investment, improve quality of service, and ensure Konexa meets remittances obligations and rolls out much-needed cost-effective off-grid solutions. We have been working on this project together for almost two years now.

“Konexa and Kaduna Electric have jointly developed a vision and business model to serve all customer segments in the most cost-effective way. Konexa will bring investment and expertise that leverages our experience to deliver power to everyone in the sub-concession area without exception. Konexa’s technical teams have been on the ground for 18 months and they also have been working with the customers and communities from who they have full support.”

 

The CEO of Konexa, Pradeep Pursnani said “This is a big milestone, and the first step of many for the distribution sector in Nigeria and for the Kaduna Electric and Konexa teams. We are grateful for the support from NERC, the Bureau of Public Enterprise and the Rural Electrification Agency and all other key stakeholders that have been part of the journey so far.

“This approval is a first of its kind, and we have been overwhelmed by the community support, the interest from businesses and households that want a more reliable and improved quality of service that both Konexa and Kaduna Electric are committed to delivering.”

He noted that significant long-term investment was required to deliver on promises made to their customers and ensure their solutions were cost-effective and affordable.

“This is a scalable and replicable model that we would like to see rolled out across Nigeria. We now have a lot of work to do to deliver to our promise and work with Nigerian investors to unlock long term Naira based funding into Konexa,” he said.

Tags: ElectricityNERCPower
ShareTweetShare
Previous Post

Investment Letters: How To Invest N5,000 – N1,000,000

Next Post

Financial Inclusion: Access Bank Launches TraderLite For MSMEs

ANOTHER GOOD READ

Stakeholders Warn Against Weakening FoI Act
News

Stakeholders Warn Against Weakening FoI Act

17 hours ago
NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories
News

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

2 days ago
‘Legal Backing Needed For Gratuity Reintroduction Under CPS’
News

‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

2 days ago
Zolair Energy Solutions Launches Nigeria’s First Integrated E-Tricycle, Battery Plant
News

Zolair Energy Solutions Launches Nigeria’s First Integrated E-Tricycle, Battery Plant

2 days ago
Insurers Battle NASS Over Legality Of Oversight Function In Insurance Business
News

Insurers Battle NASS Over Legality Of Oversight Function In Insurance Business

2 days ago
Elumelu Donates N25bn To Produce For Lagos Initiative
News

Elumelu Donates N25bn To Produce For Lagos Initiative

2 days ago
Next Post

Financial Inclusion: Access Bank Launches TraderLite For MSMEs

Most Recent

Stakeholders Warn Against Weakening FoI Act

Stakeholders Warn Against Weakening FoI Act

July 29, 2025
Impact Of Fake Colleagues In A Workplace

Impact Of Fake Colleagues In A Workplace

July 28, 2025
NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

July 28, 2025
Women’s Basketball Premier League: First Bank Makes Strong Start

Women’s Basketball Premier League: First Bank Makes Strong Start

July 28, 2025
WAFCON 2024: Senate Celebrates Super Falcons

WAFCON 2024: Senate Celebrates Super Falcons

July 28, 2025
Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

July 28, 2025
‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

July 28, 2025
Nigeria First Policy:Energising Local Content Development In Oil, Gas Sector

Nigeria First Policy:Energising Local Content Development In Oil, Gas Sector

July 28, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy