Zinox to invest $250 million in renewable energy solutions in Nigeria

Zinox to invest $250 million in renewable energy solutions in Nigeria 

Africa’s foremost integrated technology company, Zinox Technologies, is venturing into renewable energy solutions following the unveiling of over $250 million investment plan in the energy sector.

This comes after years of research providing renewable energy solutions in Nigeria in partnership with leading renewable energy brands in China, United Kingdom (UK), South Africa and Dubai.

The unveiling which was held at the just concluded annual strategic business retreat, attended by captains of tech and power industries including the Chairman of Zinox Group, Leo Stan Ekeh, the Managing Director of Zinox Technologies Limited, Mrs Kelechi Eze-Okonta among others.

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Mrs Eze-Okonta in her remarks said that Zinox as the tech heartbeat of the continent has proven that Africa has a level of technology independence with high quality tech related projects timely and successfully deployed across Africa.

In addition to the investment plan Mrs Eze-Okonta disclosed that the company has a renewable energy solutions for SMES owners in the country.

“We have taken our time, with huge investments on research with distinguished global partners, to come to this point. We believe that what is worth doing, is worth doing well. We now have tested products that have warranties of up to 25 years,” she said.

“We also plan to launch our integrated Executive Mobile Energy solution for Professionals, SMES, PaaS for Telcos’ Rural Telephony Infrastructure and students on the 4th of September.

“We have worked with credible domestic partners to deploy renewable solutions in over 25,000 homes, schools and offices in the last seven years.

“We are now excited to hit the market with specific cost-efficient energy solutions that are budget friendly both for homes and businesses, no matter your size and scope, but most importantly, we will take responsibility no matter who you buy iPower – Inverters, Solar Panels and Batteries from.

“We are also starting to train over 500 Nigerian Engineers and certified technicians from 36 states plus Abuja who shall conduct standard power audit, installations and after sales support nationwide to offer our customer full value for money,” she added.

Mrs Eze-Okonta also disclosed that Zinox has quietly been test running different configurations of sustainable renewable energy products from Solar, Wind, and a bit of Biomass, with complimentary quality products such as batteries and Inverters engineered and internationally certified to be country and continent specific, according to Newsexpress.

“We want to delete Nigeria as a dump site for all sorts of fake energy products which we really consider as unethical and unacceptable and save the scarce resources available in the country. We take responsibility for iTEC Solar, Inverters and Batteries locally as we are equipped for comprehensive after sales support,” she said.

Zinox shall work closely with key stakeholders such as the Renewable Energy Association of Nigeria (REAN), and local developers to provide the necessary support to aid the improvement of the acute power supply crisis that threatens economic growth, where over 70 million Nigerians lack access to power, coupled with increasing electricity costs in Nigeria.

Renewable energy can help Nigeria not only meet its energy needs but also power sustainable economic growth and create jobs while achieving global climate and sustainable development objectives.

Contributing in same vein as the Managing Director of Zinox Technologies Limited, the Chairman of the Zinox Group, Dr. Leo Stan Ekeh disclosed that the sum of $250m has been secured specifically to expand access to competitive and climate-friendly electricity supplies for Nigeria Homes and Businesses.

He said that the project will help create new opportunities for improving the quality of life while providing additional support to developers, REAN, and other key stakeholders in the preparation of its priority projects.

Zinox, with her partnerships shall launch enterprise products and solutions that will power off grid solutions, estates, hospitality businesses, while continuing with the consumer products with its very successful iPower products for homes, small and medium organizations, he concluded.