Barely one week after telecoms services firm, Pan African Towers (PAT) Limited and Canadian alternative energy group, Watt Renewable Corporation sealed a N7.2 billion ($20 million) electricity to power installations, Royal Power and Energy Limited (RPEL), a power solutions provider and supplier of complementary electrical products and services, has disclosed plans to gain over 60 per cent market share of the energy industry.
Additional details of the PAT deal with Watt Renewable showed that whereas the later will provide alternative energy solutions like solar and other renewable to all towers owned and managed by PAT in Nigeria to reduce exposure by as much as 50 per cent, a great proportion of the electricity coming from the deal will be extended to nearby communities and businesses around.
Explaining more during the launch of Signal Sine Wave Inverters, and Signal Gold Range Tubular Batteries energy solutions in Lagos, Deputy Managing Director, RPEL, Kesavan Madhavrao, noted that although the company has not launched into the energy retail market in a big way, it targets 60 per cent market share.
He averred that his company is backing the Telecom sector in a very big way, where it has over 60 to 70 per cent market share, and targets similar figures in the energy space.
Key aspect of the power scheme is to end the challenges of epileptic power supply and energy deficiency currently ravaging the sector and country in particular.
Delivery specifications show that the solution generates power from solar panels and charged batteries and can be used for appliances including telecoms critical infrastructures.
He said apart from making power available for a longer period of duration without the use generators, “The Tubular batteries have a very long life span, and if properly used, would last longer than five years with no issues. All it requires is low maintenance, and that makes the life span longer and gives high value for its cost.”He noted that the company also supports the product in terms of customer support services and replacement, in case a product fails because of the high power fluctuation in the country.
“We can be able to achieve the same numbers also just like in the Telecom industry. We know there is a lot of competition, and we will compete with good quality and good customer support.
“We won’t just sell the products to customers and leave them to fend for themselves. We will be here to support them,” Madhavrao added.
Earlier in his remarks, the Managing Director of the firm, Sasha Israni, noted that “Our products have good quality and great price. I think we also have good technical experience in-house.
“We also have infrastructure in place to enable customers who can’t purchase the products out rightly. So, we work with the banks, and we have 12 months instalment payment. The customer, the bank, and we sit down together to structure a deal,” Israni disclosed.
