Canadian Firm Plans 185Billion Euros Renewable Energy Project in Nigeria

Canada based science company, NH3, plans a renewable energy project to tackle power challenge in Nigeria, its International President, Mr Robert Leth, has said.
Leth disclosed this in Abuja on Friday while signing a Memorandum of Understanding (MoU), with Nigeria’s Traveri Group.
He said the project would commence on a pilot scale in Enugu and Nasarawa states.
Leth added that the company had entered into agreements with the Governments of both states and that the project would be funded by accessing 185 billion euros from European Union fund.
He explained that the EU fund, Horizon 2020, was set aside to finance the fight against climate change globally.
The president explained that the firm’s decision to introduce renewable energy in Nigeria stemmed from its commitment to tackle the threats associated with global warming.
Mr Innocent Obende, Chief Executive Officer of Traveri NH3, said green technology which provided solutions to energy problems in developed nations of the world would be replicated in Nigeria.
He stated that with the MoU, the company would immediately begin the feasibility study as to how to fund and best deploy renewable energy to the generality of Nigerians.
He said the company had signed similar memorandum with the government of Enugu and Nasarawa states where the project would soon commence on a pilot scale.
“Traveri NH3 is set to replicate the green energy technology provided in the United States in Nigeria as part of ways of finding solutions to the country’s energy problems.
“With the technology in place, the firm will create employment, provide energy and manufacture fertiliser.
“We have met with the technical committees of the states, we have entered into partnerships and we hope to focus on waste management, electricity generation, and real estate”, he said.

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