From Juliana Taiwo-Obalonye, Abuja
Nigeria has secured major investments for the Evergreen City Renewable Energy Project with the expression of interest by PANA Holdings in building renewable energy and allied decarbonised technology manufacturing facilities in Nigeria’s green industrial zone.
Ajuri Ngelale, Envoy on Climate Action and the country’s Lead Representative on all climate-related matters made the disclosure while providing State House Correspondents with an update on ongoing efforts to engage innovators and entrepreneurs in repositioning the nation’s renewable energy technology manufacturing industry.
Following an international innovator and entrepreneur meeting with German DHM Johannes Lehne and PANA Holdings Chairman Daere Akobo, Ngelale revealed that PANA Holdings expressed interest in investing with the German government in the ongoing agreement between Siemens and PANA Infrastructure to decarbonise Nigeria’s Electric Power Grid.
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“Before moving swiftly to catch a plane to Geneva, Switzerland, on Tuesday morning, I relished a technical discussion with prized innovator and entrepreneur, Mr. Daere Akobo, in the presence of the German DHM, H.E. Johannes Lehne, and the team from PANA Holdings.
“Mr. Akobo’s organisation is one of Nigeria’s core indigenous EPC companies with the sustained technical competence to qualify for high-level partnerships with German industrial conglomerates across oil & gas, electric power, and other critical sectors.”
Listing other areas of industrial manufacturing opportunity, he mentioned the Orcan Waste Heat Recovery Technology, which involves converting unused and waste heat energy from engines and industrial facilities into immediately usable clean electricity.
He further listed Amplified Geochemical Imaging (AGI) and Multi-Phase Pumping Technology, technologies deployed to help reduce gas flaring. Other investment areas include Climate-Smart Agriculture Infrastructure Manufacturing.
Ngelale explained that this entails the production and deployment of instruments to support the local supply chain that will underpin greenhouse farming.
“Decarbonisation of Nigeria’s Electric Power Grid: An ongoing agreement between Siemens and PANA Infrastructure to decarbonise the grid through a multi-phase approach can advance value chain localisation through its participation in Evergreen City.
“Continuous Emission Monitoring: Leveraging Infosys platforms to deploy metering solutions and develop a comprehensive dashboard for real-time monitoring and evaluation.
“Climate-Smart Agriculture Infrastructure Manufacturing: Production and deployment of instruments to support the local supply chain that will undergird integrous greenhouse farming,” Ngelale added.
The Envoy lauded the private sector in Nigeria for its cooperation in realising President Bola Tinubu’s green industrial vision.
“While there is significant work to do before this collaboration reaches the construction stage, we are pleased with the cooperation of the private sector in turning H.E. President Bola Tinubu’s green industrial vision into a reality, and we remain dedicated to doing everything possible in order to turn hope into tangible opportunities for Nigerians.”
He reassured the government’s determination to turn the Renewed Hope Agenda into opportunities for Nigeria.