Mytilineos Holdings, a Greek-based industrial conglomerate, announced the signing of an agreement between its subsidiary METKA Power West Africa and the Federal Government of Nigeria for the first phase of the Energizing Education program, an initiative developed by the Federal Ministry of Power, Works and Housing and implemented by the Rural Electrification Agency (REA), aiming to provide uninterrupted power to a number of federal universities and university teaching hospitals across Nigeria.
In an announcement, Mytilineos said METKA West Africa has signed an agreement for the full EPC services for four universities, including power generation plants, street lighting and training centers, as well as operation and maintenance services.
The outcome will help numerous students to have a quality academic life and opportunities for the future. All four universities will be powered by hybrid power plants utilizing renewable energy sources integrated with energy storage and diesel generation as backup, enabling reliable power supply for the universities totally autonomously from the grid.
In total, 7.5MW of off-grid hybrid power will be installed, incorporating the award winning EXERON technology and the latest developments in mini-grid design.
Damilola Ogunbiyi, MD/CEO of REA stated, “The benefits of the Energizing Education Programme are immeasurable, as improving the quality of education and ensuring safe and conducive learning environments, through access to reliable power, training centers and streetlights, would result in the churning out of excellent graduates, thus the multiply effects on all facets of society. We are looking forward to this objective being realized through our strategic partnership with METKA Power West Africa”.
Vangelis Kamaris, CEO of METKA Power West Africa stated: “We are very pleased to be able to support REA in their Energizing Education initiative and we are committed to continuously support the energy needs of Nigeria and its people”.
This first off-grid/hybrid project for MYTILINEOS in Africa is a landmark project, confirming the strategic expansion of the company’s activities in the off grid/hybrid space, while at the same time capitalizing on its established presence in the region.
Mytilineos Holdings S.A. is one of the largest Greek corporations, active in the sectors of EPC Projects, Metallurgy & Mining and Energy since 1908. The Group remains family controlled, currently chaired by Evangelos Mytilineos.
Today the company has presence in Europe, Middle East and North Africa, a consolidated turnover in excess of €1.3 billion and a workforce of more than 2,700 employees in Greece and abroad. In 1995, Mytilineos Holdings was listed on the Athens Stock Exchange and its share is today a constituent of the FTSE 25 Large Capitalisation index.