The Manufacturers Power Development Company Limited, a firm founded under the Manufacturers Association of Nigeria, (MAN), has said that current energy costs in the country are unsustainable for manufacturing firms, especially those receiving electricity in the Band-A category.
To tackle this, the firm revealed that it now provides 10 companies with sustainable energy solutions as part of its effort to bridge the energy gap nationwide.
The Acting Managing Director of MPDCL, Oweh Mba-Sam, who disclosed this in Lagos, said working with the 10 companies was the first stage of a broader project aimed at reducing power costs and enhancing energy efficiency for manufacturers.
“If you are on Band-A, you know what the cost of power is. Then if you are manufacturing and you are on Band-A, you are in serious trouble. And the Manufacturers Association of Nigeria cannot have a power company while members are groaning with Band-A”, Mba-Sam asserted, highlighting the urgent need for alternative solutions.
He revealed the MPDCL is leading an initiative to encourage manufacturers to embrace renewable energy, particularly solar to tackle the energy challenge.
The company said it is advocating a “Power as a Service” model, which allows manufacturers to install energy equipment at no initial capital cost, with companies only required to pay an agreed tariff lower than current grid rates.
