Chinese firm to site renewable energy company in Nigeria

By Egena Sunday Ode

A Chinese firm, Sinoma International Engineering Company, has indicated interest in siting its renewable energy technology manufacturing industry in Nigeria.

The Presidential Envoy on Climate Action, Ajuri Ngelale, who revealed this to newsman, said the company’s decision is a strong demonstration of the belief of its management team in President Bola Tinubu’s green industrial vision.

According to him, Sinoma is a leading subsidiary of the CNBM Group which boasts of multi billion assets in management and a huge work workforce.

He said: “Over the weekend, Nigeria’s endeavour to achieve value chain localization in renewable energy technology manufacturing took a significant step forward as I was hosted by the Chairman of Sinoma International Engineering Company, Mr. Yin Zhisong, to a dinner in the Chinese capital.

“A leading subsidiary of the CNBM Group, which boasts $85 billion in assets under management, 200,000 employees, 11,000 patents, and 26 R&D Institutes, Sinoma expressed strong interest in siting its formidable renewable energy technology manufacturing industry in Evergreen City as a strong demonstration of their belief in H.E. President Bola Tinubu’s green industrial vision.”

While in China over the weekend, Ngelale said he also had a virtual discussion with some agencies as a follow-up on Nigeria’s development of a circular economy.

“I joined a very important (1:00am Beijing time/1:00pm D.C. time) virtual discussion with a combined technical team from the U.S. Department of Energy and the U.S. State Department with respect to a follow-up on Nigeria’s development of a circular economy and the new programmatic, project-driven, private sector-led, and public sector-enabled initiative to co-create industrial clusters and consumer credit-tied financing packages to unlock Nigeria’s envisioned $1 trillion GDP in an inclusive fashion that creates opportunity for all Nigerians,” the Envoy said.