A solar energy firm, Tellco Europe-Nigeria, has revealed plans to provide solar-powered electricity at affordable cost to Micro, Small and Medium Enterprises, MSMEs, in Nigeria.
Solar power plant At the official unveiling of the company and inauguration of Off-Grid Solar Power Solutions for MSMEs in Nigeria, Chairman of Tellco, Prof. Wale Omole, said: “Nigeria presently has the biggest and most attractive off-grid opportunity in Africa, and one of the best locations in the world for mini-grids and solar home systems. Added to this, Nigeria has the largest economy in Sub- Saharan Africa (GDP of $405 billion) with over 180 million people and a flourishing economy.
“However, it is sad to note that, significant amount of the economy is continually powered largely by small-scale generators and more than 50% of Nigeria’s population have limited or no access to the grid. Consequently, as reported, most citizens of this country, power their businesses and homes, depending on fossil fuel at a frightening cost of nearly $14 billion or N5 trillion yearly, with added negative public health and other socio-economic hazards. This is a very inefficient and expensive way to power MSMEs.”
Omole noted that the advent of Tellco in the market is to correct the anomaly and make provisions for various challenges confronting small scale businesses.
In his remark, Chief Executive Officer of Tellco, Dr. Rudolf Fielder, said the difference between his company and other competitors is after purchase guarantee, free installation, adding that their batteries last up to 10 to 20 years to support the solar panel system.
He assured that small scale businesses which have signed contract with Tellco will get their solar system when the product is formally launched.