M a r k e t N e w s

London & Norway based companies embarked to light up Africa

Posted on : Monday , 6th July 2015

 London-based Genesis Energy Corporation and Norway’s SHP Malthe Winje have decided to fast-track the deployment of modular mini hydro power solutions for Nigeria and the entire African continent at large

hydropower-statkraft-flickrNigeria is well endowed with streams and tributaries, which makes it easier to harness hydro power. SHP Malthe Winje are considered market leaders in manufacturing and supplying prefabricated and standardised mini hydro plants. Along with Genesis Energy Corporation, the Norwegian company has embarked on a mission to light up Africa, one community at a time, said its officials.
Genesis Energy Corporation CEO Akinwole Omoboriowo II said, “In line with the vision of Genesis to light up Africa one community at a time, we have embarked on innovative means of generating power using alternative and renewable sources of fuel with particular interest in mini hydro and off-grid solar power solutions. This strategic initiative to provide fast-track sustainable mini hydro solutions to African countries will engender realistic optimism that stronger more enlightened renewable policies will emerge in and throughout Africa.”
According to Omoboriowo II, the modular units of the hydro power engines can be deployed in just six months, without any prohibitive costs of diesel oil or natural gas. The units could be connected to a small mini grid at 415V levels for direct consumption by targeted communities, or could be connected to the distribution network within the area of a modular hydro unit installation. The units have advantages of increased generated kilowatt-hour, in addition to having a minimal impact on the environment as water passing through water from rivers or streams would be used to feed the units.
Since Nigeria has several streams such as Kaduna, Niger, Benue, Cross Rivers as well as their respective tributaries, the mini hydro scale plants can be set with minimum investment.
SHP Malthe Winje has approached the Norwegian Export Credit Agency for a financing solution to deploy mini hydro power units to Nigeria and Africa. Norwegian Credit provides for 85 per cent of the total project costs, and the funds are likely to ensure a low competitive tariff due to the long period of amortisation, stated Genesis Energy Corporation.
Omoboriowo also added that that investment in the power solution would ensure job creation where the locals would be trained to maintain the plant, service and operate the mini grids where its utilised, and sell cards for prepaid metering vouchers to users stressing that it would also ensure increase in agricultural production in areas it is deployed.

Source : africanreview.com
Featured Companies
  • dubaiexporters.com

Complete List  

Advertisers in previous issue:

  • Vrushabh is one of the leading manufacturer and distributor of Conveyor Belts, Transmission Belts, Elevator Belts, PVC Belts.
  • Leading manufactures and expoters of the electronic products
  • A world leading name in Heat Transfer Technology
  • Catering for the most varied industrial storage requirements.
  • We offers high quality, Competitive price and satisfied service always
  • Prisma s.r.l. is an industrial reality, qualified in the study and the production of automatic doors for lift.
  • EMI has a qualified and dedicated team of managers with vast experience in their respective areas of work.
  • Dedicated to the Engineering Manufacturing Sector in India
  • Automatic brick manufacturing machines
  • Solarway is a forward thinking creative think tank that develops personalised and sustainable power solutions for people with limited or no access to power.
  • Anya energy limited is accredited with ISO 9001 certification for Quality Management System and our products are recognized and certified by Bureau of Indian Standards
  •  SOVEMA is the worldwide leading supplier of machinery for lead-acid battery production.
  • Ravi Enterprise is a professionally managed organization, established as a reliable source of industrial heaters.
  • Air Conditioning Hire
  • The trusted source for all your heavy  equipment needs!
  • Kenya Engineer is a Journal of the Institution of the Engineers of Kenya
  • KJV is a professionally managed group in distribution & transmission sector involved in executing contracts
  • Multi feedstock batch processing biodiesel equipment
  • GM Electricals is a competitive wholeseller of broad range of electrical materials and equipments
  • Manufacturer of heavy duty machinery
  • Manufacturers & Exporters of hand tools, garden tools & leatheer tool pouches.
  • Engineering Expo, is India’s largest multi-location trade show on manufacturing
  • Manufacturing and marketing "aira" brand Valve Automation Products
Afrotrade International Marketing, Tel: +971-50-6285684
© 1998-2025 Afrotrade