Royal
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.
