Viathan Group, Gasco Marine Limited’s parent company is pleased to announce that it has entered into a strategic alliance with Solad Power aimed at delivering integrated energy solutions to various categories of customers across the country.
Viathan, an integrated energy services company, said the alliance with Solad’s solar engineering capabilities will help boost energy infrastructure and performance that will improve power supply to Nigerian businesses.
The companies had previously collaborated on Solad’s flagship project at Sura market in Lagos which had been delivering reliable and affordable power to over 1000 small businesses from a gas generation plant built by Viathan in Lagos Island.
Habeeb Alebiosu, Viathan CEO stated, “Following the success of the Sura project, Viathan recognizes Solad’s ability to develop the last mile and customer services’ infrastructure for hybrid power solutions. This means that we can utilize our gas generation capacity to access a much wider range of customers. We are very pleased to be extending our partnership, bringing together two key pillars of the government’s energy strategy in gas monetization and renewables.”
Solad’s Chief Executive Officer, Denis O’Brien, said, “The success of the partnership and the synergies between Viathan and Solad have been very clearly demonstrated at the Sura project. This alliance will allow us to build on those synergies by developing integrated propositions for additional sites across the region, where a hybrid combination of gas and solar can overcome intractable energy supply problems for businesses of all sizes. By combining our balance sheets, the alliance will also create new financing opportunities at scale, and allow us to lower the cost of project delivery.”
The implication is that the alliance will enable the commencement and installation of 12 mini-grid solutions in markets across the South-West region in Nigeria over the next two years.
Effectively, this would add a further 20,000 small businesses to the Viathan-Solad networks.