Residents of Lekki Pearl Estate are to pay less for energy as a result of the developer’s adoption of green technology that transforms biomass into heat and electrical energy for use in homes.
Lekki Pearl, a moderate estate developed by Alpha Mead Development Company (AMDC), a subsidiary of the Alpha Mead Group, notes that energy cost constitutes about 30 percent of annual household spend in Nigeria where electricity supply from the national grid is neither here nor there.
“What we have here is a green estate that is environmentally friendly; all the sewage systems here are underground and they are channelled in such a way that they are used to generate electricity. This is the first of its kind in Nigeria today,” Dada Thomas, AMDC’s chairman, explained to BusinessDay.
It is estimated that residents of this estate will be saving 15-20 percent of their energy and maintenance costs per month. “These savings could be channelled into other domestic needs,” Thomas said.
Lekki Pearl offers different house types including 2-bedroom and 3-bedroom apartments; Town-houses and stand-alone houses, all targeted at buyers within the low and medium-income group. The houses, the developer said, are affordable chiefly because there is a flexible payment plan in place.