Canadian firm to spend €185bn Euro in Enugu, Nasarawa in energy
Canadian based, NH3, is collaborating with Traveri , the Nigerian Renewable Energy and Real Estate firm to invest &euro;185bn for renewable energy projects in Nigeria.&nbsp;
By Johnbosco Agbakwuru, Abuja

A Canadian based Science company; NH3 in collaboration with Nigeria Renewable Energy and Real Estate firm; Traveri Group, has said it would access 185 billion euros European Union Fund for renewable energy projects in Enugu and Nasarawa States.

The President, International of Traveri NH3, Robert Leth, said the EU fund, Horizon 2020, is set aside to finance the fight against climate change globally, adding that the firm’s decision to introduce renewable energy in Nigeria stemmed from its commitment to tackle the threats associated with global warming.

NH3 in collaboration with Nigeria Renewable Energy and Real Estate firm; Traveri Group, Friday, signed a Memorandum of Understanding for the renewable energy project.

In his opening address before the signing of MoU, with his International partners from the United States, Canada and Denmark, the Chief Executive Officer of Traveri NH3, Mr. Innocent Obende, said that the Green technology which provides solutions to energy problems in developed nations of the world will be replicated in Nigeria.

Obende also stated that the signing of the MoU was significant, as same will provide the basis for feasibility studies required for sourcing funds needed to realise the company’s vision of ensuring that Nigerians have access to renewable energy.

He noted that Nassarawa and Enugu state governments had within the week singed a partnership agreement with Traveri NH3 as part of plans to address the energy problems in both states.

Obende explained that the company’s pilot projects which will kick start in Nassarawa and Enugu states respectively, are products of global research to address Energy and environmental crisis in positive responses to the challenges posed by climate change.

According to him, “Traveri NH3 is set to replicate the Green energy technology provided in the United states in Nigeria as part of way of finding solutions to the country’s energy problems. With the technology in place, the firm will create employment, provide energy and manufacture fertilizer.

“We have met with the technical committees of the states we have entered into partnerships with, and we hope to focus on waste management, electricity generation, and real estate.”