Schneider Electric, Mikano sign MOU on electrical distribution

Schneider Electric, the global specialist in energy management, and Mikano International Limited have signed a memorandum of understanding (MoU) on electrical distribution.

The agreement covers the sale and distribution of Schneider Electric’s low voltage products and equipments in electrical distribution in order to enhance the accessibility of these products to Nigerians and support local companies.

Under the terms of the agreement, Mikano will sell and distribute Schneider Electric’s world class low voltage products such as circuit breakers, distribution boards, contactors, motor starters, control and signaling units as well as switches and sockets, among others, using its extensive geographical spread across Nigeria.

The agreement will also enable Mikano grow its business portfolio and benefit from Schneider Electric’s products and solutions especially for its own needs in generator control panels and systems.

Marcel Hochet, country president, Schneider Electric, speaking on the agreement, described it as an opportunity for both companies to collaborate and leverage their strength to improve local access to Schneider Electric’s products, adding that it also demonstrated Schneider Electric’s commitment to develop and support local companies.

“The agreement with Mikano will help our two companies deliver Schneider Electric’s quality power products to Nigerians utilising Mikano’s geographical distribution spread across Nigeria. Access to our products means Nigerians can enjoy the unique products and after sales service offer by Schneider Electric. On the other hand, we have demonstrated our readiness to support the development of local companies to enhance their operational capacity,” said Hochet.

Mofid Karameh, chairman of Mikano International, said Mikano’s investment in electrical distribution through this partnership, is in line with the ongoing transformation of the Nigerian power sector and a window to position itself as a leading local partner to Schneider Electric.

By: OLUSOLA BELLO