Africa Holding, an Africa focus investment holding company chaired by Prince
Ebrahim Sanyang, a Gambian, has finalised a multi-million euro solar power
agreement with Tecoelettra, an Italian solar power giant.
The deal was sealed recently at the Royal Africa House by executives of both parties to the agreement.
As part of the deal, there will be construction of a D4 million state-of-the-art showroom in The Gambia that will be opened to the general public.
The chairman of Royal Africa Holdings, Prince Ebrahim Sanyang, said sustainable energy supplies remain a pivotal factor for deliverance of socio-economic development.
He said in view of the rising global climatic changes and unpredictable global oil prices, renewable energy is a safe investment in complementing the deliverance of collective national socio-economic development goals.
He commended the director of Tecoelettra, Walter Luigi Baldasa, for the confidence they vested on the Gambian market.
Mr Sanyang said over the years, Royal Africa Holdings as an Africa focused diversified investment holding company has grown from strength to strength across the continent.
“This has made many reputable companies around the world to choose us as their investment partner of choice in Africa,” he said.
The technical engineer of Tecoettra, Nicola Barsotti, said as part of the deal, they will introduce solar products in the Gambian market will include systems designed and built to specifically cater for various energy needs of Gambian homes, hospitals, hotels, and other usage.
Tecoelettra is said to be among Europe’s best technologically advance and renewable energy production company.
It produces advance, innovative and technologically automated power production plants, systems and stations, that stores and supplies clean electricity from renewable sources such as solar panels, wind turbines and hydroelectric turbines.