N66bn Market Opens as Telcos Explore Green Energy for Power

Business day Online

27th August 2014

Nigeria and other African countries’ telecommunication companies’ drive to explore renewable power solutions to drive their off-grid telecommunications masts could potentially create a N64 billion market to be tapped by third party Energy Service Companies (ESCOs), with requisite technical competence, BusinessDay investigations have shown.

Analysts say this could serve as a stop gap, pending when the dividends of the ongoing reforms in Nigeria’s electricity sector materialise, as energy is believed to be the largest cost item in developing markets, representing as much as 40-50 percent of total operating costs.

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