Konexa

Based in London, UK, Konexa operates as a developer and manager of integrated utility projects and renewable assets across Sub-Saharan Africa. Some of the firm’s partners are UK Aid, Power Africa, US Aid, Shell Foundation, etc. In March 2024, the firm raised 18 million in venture funding from investors Climate Fund Managers and Microsoft Climate Innovation Fund. Konexa, as of March 2024, has office in London, UK, and Abuja Nigeria, and is led by its Executive Chairman, Norman Villarina, and CEO, Pradeep Pursnani.

The company through its integrated utility model and energy development and investment platform supports private renewable electricity trading. Konexa focuses on accelerating access to reliable, affordable, and sustainable power for all Africans by leveraging cost-efficient and disruptive technologies. The company owns and operates both grid and off-grid power assets, to bridge the gap between the public and private sectors to transform energy provision. Additionally, Konexa sources and executes large-scale infrastructure projects and renewable power in Africa, from independent power projects.

The firm feeds these power projects into the national grid and sells them to private customers. The company plans to utilize the March 2024 funding to establish its private renewable electricity trading platform and connect its inaugural client, Nigeria Breweries PLC, to the grid.