Konexa Partners With Kaduna Electric to Co-Develop Solar PV Projects

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Renewable energy developer Konexa has partnered with Climate Fund managers to roll out renewable power and distribution sub-franchise in KadunaNigeria.
The energy developer will work Kaduna Electric Distribution Company (KAEDCO) to carry out the project.

A joint press release explained that the project will consist of the development and construction of a 2.5MW solar PV plant with the potential to include a storage component:

  • Construction of eight solar mini-grids and associated distribution works;
  • Roll out of solar home systems, deployment of smart metering infrastructure; and
  • An integrated cutting edge information and operations technology platform, grid network upgrades, as well as securing energy supply from nearby existing renewable generation assets.

Konexa Partners With Kaduna Electric to Co-Develop Solar PV Projects Brandspurng
Photo by Science in HD

According to the press release, this integrated approach, requiring an investment of approximately $50 million, will enable Konexa to serve the entire range of customers in its sub-franchise area – from large commercial and industrial customers that currently cannot rely on KAEDCO due to supply reliability and quality issues, to small rural customers that are not viable to be reached by the grid.

The Nigerian energy sector is notable for its significant energy deficit which has hindered economic growth for many years. It is reported that at present, 80 million people lack access to grid electricity, with the national electrification rate at 47%. This is much worse in rural areas. Lack of access to grid power has resulted in around 55% of the population resorting to self-generation and has created a $15 billion off-grid market that is primarily fossil-fuel based.

Power sector reforms

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The Federal Government of Nigeria launched a far-reaching set of power reforms in 2001 that led to the unbundling and subsequent privatisation of electricity and distribution companies in 2013. The primary objective was to create a competitive and efficient power sector led by the private sector and regulated by the Nigerian Electricity Regulatory Commission.

The eligible customer regulation ratified on 2017 states that customers with the energy demand of more than 2MWh/h per month can directly buy power from a grid-connected Genco at a mutually agreed price, which has since spurred growth in the Nigerian IPP market.

The project gives Climate Investor One (CI1) the opportunity to contribute towards Nigeria’s grid stability, accelerate the country’s sector reforms and demonstrate the private sub-franchise model. CI1’s all equity solution and technical expertise bridge development gaps and expedite project completion.

The media statement noted the successful implementation of Nigeria’s first integrated distribution model will pave the way for further opportunities like this not only in Nigeria but across the region.

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High impact renewable energy project

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Sebastiaan Surie, Climate Fund Managers (CFMs) head of investments for the African region, stated: “Cli’s partnership with Konexa represents a promising opportunity to enter the Nigerian energy sector and build out the county’s renewable energy capacity. The experience of the Konexa team in the African Energy sector, combined with CFMs technical, E&S, and financial aptitude represents a fantastic opportunity to develop a high impact renewable energy project in a key market for CFM.”

Pradeep Pursnani, Konexa’s CEO highlighted the importance of this partnership to drive the reforms and investment needed in the distribution sector. “We are proud to be partnering with CFM on this innovative project that has the potential to catalyse large scale private sector investment to make the distribution sector in Nigeria financially viable and sustainable.

“This project can have a transformational impact on the overall power sector in the country and the lives of many Nigerians that need to access affordable and reliable power for their homes and businesses. I am hugely grateful to the Konexa team and our partners Olaniwun Ajayi and Zutari who have been working tirelessly on this initiative for almost two years to be Nigeria’s first distribution franchise approved by the regulator.”

Pursnani also thanked the support from the donors including Shell Foundation and Rockefeller Foundation, the UK’s Foreign, Commonwealth and Development Office and Power Africa and the CFM. He said with this support “we can complete some of the essential pieces of work to get us to financial close in early 2021.”

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Kaduna Electric is the operator of Kaduna Electricity Distribution Company. It is one of the 18 successor companies created following the unbundling and subsequent privatization of the defunct Power Holding Company of Nigeria Plc. Kaduna Electric is one of the 11 downstream operators in the Nigerian Electricity market. It is responsible for retail distribution and marketing of electricity in Kaduna, Kebbi, Sokoto and Zamfara States.

The Company currently has 8 Area Offices and 147 Customer Service Centres across the four states and a customer population of about 490,000. Kaduna Electric is the 7th largest DisCo in distribution capacity and 6th largest in a number of households among the11 Distribution Companies (DisCos). Kaduna Electric is strategically located and uniquely positioned to be among the best three Distribution Companies if the abundant potentialities at the disposal of the Company are harnessed and effectively utilized. In line with the Nigerian Electricity Reform Act 2004.

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Konexa Partners With Kaduna Electric to Co-Develop Solar PV Projects - Brand SpurKonexa Partners With Kaduna Electric to Co-Develop Solar PV Projects - Brand Spur

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Konexa Partners With Kaduna Electric to Co-Develop Solar PV Projects - Brand SpurKonexa Partners With Kaduna Electric to Co-Develop Solar PV Projects - Brand Spur

Latest News

Spackman Entertainment Group’s Upcoming Musical Film THE BOX, Starring EXO’s Chanyeol, Scheduled To Be Released In The Spring Of 2021

  • Following the art film STONE SKIPPING, THE BOX is the next film production of the Company's wholly‐owned indirect subsidiary, Studio Take, founded by veteran movie producer, Mr. Song Dae‐chan
  • THE BOX will be EXO's Chanyeol's first lead acting role in a film
  • Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX is set to be screened in Korea in the spring of 2021

SINGAPORE - Media OutReach - 3 March 2021 - Spackman Entertainment Group Limited ("Spackman Entertainment Group" or the "Company" and together with its subsidiaries, the "Group"), one of Korea's leading entertainment production groups, wishes to announce that its upcoming musical film THE BOX, produced by the Company's indirect wholly-owned subsidiary, Studio Take Co., Ltd. ("Studio Take"), is set to be released in Korea in the spring of 2021.

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Following the art film STONE SKIPPING, THE BOX is the next film production of Studio Take, which was founded by veteran movie producer, Mr. Song Dae‐chan.

THE BOX is about the musical journey of an aspiring singer and a once popular producer.

Directed by Yang Jung Woong, the Executive Producer of the 2018 PyeongChang Winter Olympics opening and closing ceremonies, THE BOX stars EXO's Chanyeol who plays the aspiring singer and Jo Dal Hwan who acts as the once popular producer. This is Chanyeol's first lead role for a Korean commercial film. Jo Dal Hwan is known for his role in SECRET HEALER (2016), TRAFFICKERS (2012) and THE CON ARTISTS (2014).


About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries, (the "Group"), founded in 2011 by Charles Spackman, is one of Korea's leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world's fourth largest box office market in 2019, behind only North America, China and Japan.


The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related companies and film funds that can financially and strategically complement our existing core operations. SEGL is listed on the Catalist of the Singapore Exchange Securities Trading Limited under the ticker 40E.

Production Labels

SEGL's wholly-owned Zip Cinema Co., Ltd. ("Zip Cinema") is one of the most recognised film production labels in Korea and has originated and produced some of Korea's most commercially successful theatrical films, consecutively producing 10 profitable movies since 2009 representing an industry leading track record. Recent theatrical releases of Zip Cinema's motion pictures include some of Korea's highest grossing and award-winning films such as CRAZY ROMANCE (2019), DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For more information on Zip Cinema, do visit http://zipcine.com


SEGL also owns Novus Mediacorp Co., Ltd. ("Novus Mediacorp"), an investor, presenter, and/or post-theatrical distributor for a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time highest Video On Demand ("VOD") sales records in Korea. For more information on Novus Mediacorp, do visit http://novusmediacorp.com.


The Company owns a 100% equity interest in Simplex Films Limited ("Simplex Films") which is an early stage film production firm. The maiden film of Simplex Films, JESTERS: THE GAME CHANGERS (2019), was released in Korea on 21 August 2019. Simplex Films has several line-up of films including A BOLT FROM THE BLUE (working title).


The Company owns a 100% equity interest in Take Pictures Pte. Ltd. ("Take Pictures") which produced STONE SKIPPING (2020) and shall release THE BOX and GUARDIAN (working title) in 2021 tentatively.


The Company owns a 100% equity interest in Greenlight Content Limited ("Greenlight Content") which is mainly involved in the business of investing into dramas and movies, as well as providing consulting services for the production of Korean content. Through the acquisition of Greenlight Content, the Group's first co-produced drama, MY SECRET TERRIUS, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for its time slot and recorded double digits for its highest viewership ratings. Greenlight Content was one of the main investors of MY SECRET TERRIUS.


The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST'S WAIL, a comedy horror film.


Our films are theatrically distributed and released in Korea and overseas markets, as well as for subsequent post-theatrical worldwide release in other forms of media, including online streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of our motion pictures into wide-theatrical exhibition initially in Korea, and then in overseas and ancillary markets.

Talent Representation

The Company holds an effective shareholding interest of 43.88% in Spackman Media Group Limited ("SMGL"). SMGL, a company incorporated in Hong Kong, together with its subsidiaries, is collectively one of the largest entertainment talent agencies in Korea in terms of the number of artists under management, including some of the top names in the Korean entertainment industry. SMGL operates its talent management business through renowned agencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). Through these full-service talent agencies in Korea, SMGL represents and guides the professional careers of a leading roster of award-winning actors/actresses in the practice areas of motion pictures, television, commercial endorsements, and branded entertainment. SMGL leverages its unparalleled portfolio of artists as a platform to develop, produce, finance and own the highest quality of entertainment content projects, including theatrical motion pictures, variety shows and TV dramas. This platform also creates and derives opportunities for SMGL to make strategic investments in development stage businesses that can collaborate with SMGL artists. SMGL is an associated company of the Company.


The Company owns a 100% equity interest in Constellation Agency Pte. Ltd. ("Constellation Agency"). Constellation Agency, which owns The P Factory Co., Ltd. ("The P Factory") and Platform Media Group Co., Ltd. ("PMG"), is primarily involved in the business of overseas agency for Korean artists venturing into the overseas market. The P Factory is an innovative marketing solutions provider specializing in event and branded content production. PMG is a talent management agency which represents and manages the careers of major artists in film, television, commercial endorsements and branded entertainment.

Strategic Businesses

The Company owns a 100% equity interest in Frame Pictures Co., Ltd. ("Frame Pictures"). Frame Pictures is a leader in the movie/drama equipment leasing business in Korea. Established in 2014, Frame Pictures has worked with over 25 top directors and provided the camera and lighting equipment for some of Korea's most notable drama and movie projects including ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

We also operate a café-lounge called Upper West, in the Gangnam district of Seoul and own a professional photography studio, noon pictures Co., Ltd.

For more details, do visit http://www.spackmanentertainmentgroup.com/

Konexa Partners With Kaduna Electric to Co-Develop Solar PV Projects - Brand Spur
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