Nigeria Attracts Major Investments In Decarbonised Technologies

PANA Holdings has expressed targeted interest in building renewable energy and allied decarbonised technology manufacturing facilities in Nigeria’s green industrial zone, the Evergreen City.
Envoy on Climate Action and country’s Lead Representative on all Climate related matters, Ajuri Ngelale, made this known to State House Correspondents while updating on ongoing efforts at engaging innovators and entrepreneurs in repositioning the nation’s renewable energy technology manufacturing industry.

After a meeting with a world renowned Innovator and entrepreneur, Chairman of PANA Holdings, Mr Daere Akobo and the German DHM, Johannes Lehne, Ngelale disclosed that PANA Holdings , indicated investment interest in with the support of the German government in the decarbonisation of Nigeria’s Electric Power Grid, an ongoing agreement between Siemens and PANA Infrastructure.

“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.

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, Nigeria’s Chief Diplomat on Climate matter, mentioned the Orcan Waste Heat Recovery Technology which involves the conversion of unused and waste heat energy from engines and industrial facilities into immediately usable clean electricity.
He further listed the Amplified Geochemical Imaging (AGI) and the Multiphase Pumping Technology.Technology that is deployed to help reduce gas flaring.

Other investment areas include Climate-Smart Agriculture Infrastructure Manufacturing.
He explained that this entails production and deployment of instruments to support the local supply chain that will undergird integrous greenhouse farming.

“Decarbonisation of Nigeria’s Electric Power Grid: An ongoing agreement between Siemens and PANA Infrastructure to decarbonize 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 their cooperation in realising President Bola Tinubu’s green Industrial vision into a reality.

“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.