Geogrid, Austrian Firm To Develop Hybrid Power Plant

By September 29, 2017 Investment News

Lagos-based Geogrid LighTec Limited has struck a partnership with Global Hydro, an energy firm based in Austria, to develop a compact power plant that can harness both hydro and solar sources to produce energy for rural areas.

The Chief Executive Officer, Geogrid LightTec, said the technology, known as SmartT system, would provide adequate energy to help stabilise the grid with the combination of photovoltaic and hydro energy.

He said at an event in Lagos, “All over the world, there is a shift towards clean energy and this SmartT represents just that. The turbine is movable and can be adapted in different locations around Nigeria.

“Investors can take advantage of this system to provide power in rural areas, taking advantage of the Nigerian Electricity Regulatory Commission’s mini grid regulation that allows investors to operate up to one megawatt of mini-grid.”

According to him, SmartT system is an automated, hybrid power plant that can be installed in small streams and rivers to produce output of approximately one megawatt, and it is fitted into a container, which makes it easy to be transported from one community to another.

One of the founding partners of Global Hydro, Marius Hager, said the company, which had been in existence for the past 100 years, was collaborating with Geogrid to bring the technology to rural communities.

“Africa needs energy to develop and our company is not here to sell turbines; we are providing a total solution that will help to improve energy access for millions of people in rural communities,” said Hager.

According to Global Hydro, the use of high-quality materials and precise manufacturing ensures a long lifecycle for the turbine as well as high yields, and the power station is already fully assembled at the factory and can be easily and quickly set up.

Source: Punch