A major oil marketer, Forte Oil Plc has introduced a 1.5KVA solar power into the Nigerian market to cater for the power needs of medium income earners in the country.
The new product has a one year warrantee with 25 years life span.
The company unveiled the product at the launch and signing of an agreement with Nedcom Oak in Lagos.
Forte Oil Chief Executive Officer, Akin Akinfemiwa explained that the N700,000 power solution is designed to serve as a reliable alternative source of electricity generation for customers.
“The FO solar is out to complement the Federal Government’s power reform, which is aimed at achieving uninterrupted power supply in the country. Once there is stable power supply, the multiplier effect on the economy is enormous.
“Besides the fact that it brings down the cost of goods and services, consumers conserve more money, which is diverted to other areas of the economy. This will lead to the rise in the nation’s GDP. We also see it as something that supports the economy in terms of poverty alleviation.”
Lagos State Commissioner for Energy, Wale Oluwo, said the launch was coincidental with the Lagos State Assembly’s second reading of the state embedded power bill adding that when passed, the bill would make Lagos to generate 3,000 megawatts.Please subscribe to our newsletter