19 July 2015, Sweetcrude, Abuja – In its determination to reduce the country’s dependence on fossil fuels and other unclean energy, a Nigerian company, Traveri Group, recently signed a memorandum of understanding (MoU) with a Canadian firm, NH3, to provide a vast and constant energy resource supply through green energy.
In a statement made available to our correspondent in Abuja, the Traveri NH3 Group said it has adopted Nasarawa and Enugu states for the pilot scheme, adding that the introduction of renewable energy to Nigeria is a giant step in resolving the country’s energy crisis.
“It will among others avert the depletion of Nigeria’s natural resources and ensure minimal, or no, negative impacts on the environment. In the last few decades, Nigeria’s dependence on fossil fuels has increased considerably, resulting in threats against national security given the nation’s continued dependence on fossil fuels which are vulnerable to political instabilities, trade disputes and high prices as witnessed by the recent drop in oil price in the international market,” the Group stated.
Many experts have continuously called for the development of renewable energy in Nigeria, stressing that it is cheaper and more economical in the long run, compared to other sources of generated energy, in addition to its capability to create hundreds of thousands of stable jobs.
According to the chairman, Traveri NH3 Nigeria, Innocent Obande, adopting the use of renewable energy sources as way of addressing the country’s energy problems would also mean steady energy pricing since the cost of renewable energy is dependent on the invested money and not the increasing or decreasing cost of the natural resource.
Obande explained that the technological innovation would convert wastes to produce green energy for power supply. The wastes, he added, would be processed and ultimately produce hydrogen and nitrogen for energy storage for an uninterrupted power supply as well as fertiliser for agriculture.
Already, an agreement with the Nasarawa State Government to commence the funding and development for proper town planning, construction and delivery of engineering works, renewable energy generation and distribution in selected districts in the state as pilots scheme has been reached with the donor company.
Meanwhile, the president of the company, Robert Leth, has assured that his technical team in
Canada, United States and Denmark with expertise to produce green energy to check climate change are ready to move to site following the conclusion of all legal arrangements.
Leth stated that the new technology would immeasurably add value to the Nigerian economy by providing electricity for all at affordable rate and make life worthwhile for everyone.
While commending the team for selecting Nasarawa State for the pilot project, the state deputy governor, Silas Agara, said that the state government would do all that is needed to make life better for the citizens.
Similarly, the Enugu State governor, Ifeanyi Ugwuanyi, who had previously played host to the team, revealed that the state government is already creating the enabling environment for both foreign and local investors to thrive, especially through Public Private Partnership (PPP) arrangements.
He noted that the company’s policy approach, which includes electricity generation through waste collection and the consequent job creation, is in tandem with the cardinal programmes of his administration.
Funding for the projects is expected to be sourced from the over €185 billion earmarked by the European Union to address the challenges posed by the global climate change.