According to Ventures Africa, the company has plans to introduce solar powered batteries to serve as an alternative to distribution companies in Africa.
The distribution companies are also said to be on the edge, fearing a market takeover by the company.
The Director General of the Bureau of Public Enterprise (BPE), Alex Okoh, said:
“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.”
Their target market isn’t everyone though as the batteries are set to go for $3,000 (about N1.1m) for 7kwh and $3,500 (N1.3m) for 10kwh.
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