Evergreen City: Chinese coy mulls renewable energy industry

Chief Ajuri Ngelale, Special Presidential Envoy on Climate Action, said Nigeria's endeavour to achieve value chain localisation in renewable energy technology manufacturing took a significant step forward over the weekend.He said Sinoma of China expressed strong interest in siting its renewable energy technology manufacturing industry in Evergreen City, the country's green industrial zone.He added this was a demonstration of Sinoma's belief in President Bola Tinubu's green industrial vision.He said, in a statement on Monday, that he was hosted to a dinner in Beijing, the Chinese capital, by Mr Yin Zhisong, Chairman of Sinoma International Engineering Company.'It was a productive and memorable introductory session,' he said.He said the company was a leading subsidiary of the CNBM Group, with 85 billion dollars in assets, 200,000 employees, 11,000 patents, and 26 Research and Development Institutes.He said he also joined a virtual meeting with a combined technical team from the U.S. Department of En ergy and the U.S. State Department.He said the meeting was 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.He said this would hopefully unlock Nigeria's envisioned 1 trillion dollars GDP in an inclusive fashion that would create opportunities for all Nigerians.Source: News Agency of Nigeria