TESLA Is Set To Wave Its Magic Wand On Nigeria’s Electricity Issues
2019 might as well be the time for Nigerians to witness a change in their electricity problems.
This is because the United States electric carmaker and clean-energy company is introducing batteries called the “Power wall” to act as a substitute to Nigeria’s electricity problems, VentureAfrica reveals.
Their entry, the site notes, has caused some distribution companies (Discos) to believe that there will be another decline in the number of customers they have especially those in the industrial sector. Already, a 2016 report by DisCos already states that the use of other options by Nigerians led to Discos loss of $196.23million (N71 billion).
The director-general, Alex Okoh, Bureau of Public Enterprise (BPE), in this regard opined, “They (DisCos) lacked the capacity to improve infrastructures.”
“TESLA’s introduction could take advantage of palpable outrage in a country where over 190 million people share barely 400MW of power”.
The battery called, a “Power wall” will be sold for N1,089,000 ($3000) for the 7kwh while the 10kwh will sell for N1.27 million Naira ($3500).
Nigerians have expressed their thoughts over the new development:
but with Tesla Li-Ion Batteries coming in Nigeria, it will definitely set RE systems on faster pace. I’m just worried about the cost. I hope local banks can support them to create an effortless B2C model.
— Man (@Deji_bounty) January 19, 2019
This is a welcome development. I’m glad that @Tesla is coming with something different. Hopefully the EV revolution will start in Nigeria also.
— inufele (@Sotonye22241644) January 16, 2019
– Several companies (JPMorgan, Citibank, ASOS, Apple, Ali Baba, Tesla) announced to investors they would not meet either profit or sales forecast;
– Also some major Elections this year incl. Nigeria & EU Parliament
2019 definitely would be interesting.
— Tola Onayemi (@adetolaov) January 17, 2019