With the agreement and respective capabilities, both companies have secured a strong market position in the Nigerian solar market, according to a statement from the firms.
The Founder, Gentec EPC, Deepak Khilnani, said, “We are very excited about this partnership with Soventix. Gentec is continually seeking to bring innovative and diversified energy offerings to the Nigerian market and we believe solar energy meets the customer requirements: reliable, affordable and emission-free power.
“The credibility, expertise and proven track record of the Soventix management team gave us a lot of confidence that Soventix is the correct solar partner.”
According to the statement, Soventix Hybrid will initially focus on industrial rooftop solar applications that synchronise with the existing generators or grid power systems.
It said this model would enable industries to have an additional source of power generation at a lower price than diesel power, while also significantly reducing emissions.
The companies said the second phase of the joint venture would also aim to develop national solar parks that would feed clean energy into the Nigerian grid.
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