CBC and ABB sign key partnership agreement for Nigeria’s power sector

CBC - ABB signing

CBC Energy Limited, one of the subsidiaries of CBCemea Limited, has signed a partnership agreement with ABB to become the only authorized distributor of ABB’s medium voltage products in Nigeria.

CBCemea Limited is an indigenous technology solutions company established in 1984. Over the last 30 years, it has been assisting customers in the various sectors of the economy to improve productivity and efficiency through the application and utilization of technology. With over 100 engineers and service employees, CBC has emerged as a distinctive player in the Technology industry, working with key customers in Banking & Finance, Oil & Gas, Power, Education, Telecommunications, Manufacturing sectors.

In delivering services, CBCemea has partnered with various global, leading edge Original Equipment Manufacturers (OEM) in providing highly differentiated solutions to its various customers. Through its unalloyed commitment to service excellence, it has come to be recognized as the ultimate service company by its customers. Excellence in service and innovation remain the twin ingredients of CBC’s commitment to its customers and national development.

CBC Energy Limited is one of the subsidiaries of CBCemea. It was established as an integrated energy solutions company and focuses on providing products and services to clients with energy requirements. Since inception, the company has managed to forge alliances and relationships with partners and clients including its recent partner ABB.

Nigeria provides huge opportunities for investors in the power sector. With a population in excess of 160 million, vast natural resources and a steadily growing economy, this is the right place for an investor to be at this time. The end to end value chain of power, from generation to transmission to distribution and value added services portend opportunities which will continue to grow exponentially over the next decade. Experts have projected that the huge gains from the liberalisation of the telecommunications sector will be far less than the economic gains to be derived from the power sector.

CBC believes that the best way to tap into the sector is through strategic partnerships and alliances. A lot can be achieved with collaboration amongst stakeholders and investors and this is what has led to the ABB/CBC Energy relationship.

ABB is not a new player to the global and Nigerian power sector. CBC’s relationship with ABB however began in late 2012. Since then, CBC has become distributors of ABB products to major industry players in Nigeria.  CBC has also moved from distributing medium voltage products to low voltage products. Through engagements in India, Egypt and Nigeria, ABB and CBC have evolved a win – win sustainable relationship model. While CBC leverages the goodwill engendered by the high quality and durability of ABB products, ABB sees CBC a trusted and committed partner that will help deepen market penetration in Nigeria.

By virtue of this new partnership agreement, CBC Energy has now become the only authorised distributor of ABB’s medium voltage products in Nigeria, solidifying an ever growing relationship between both companies. Apart from this, ABB and CBC are also putting in place arrangements to ensure asset financing by DISCOS from some Nigerian banks, training and capacity development programs for power sector employees and creation of local assembly plant for products.

The future within the power sector is definitely bright for the CBC/ABB alliance. CBC remains committed to ensuring product availability, facilitating supplier credit and ensuring after sales maintenance services.

 

 

 

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