The first phase of the project covers the Waste-to-Energy (W2E) and Solar Power Projects in Nigeria, Sudan, Chad and Uganda with investment value of USD 12.2 Billion
Lucerne, Switzerland, 12 June, 2017
CPI International Group, Lucerne, Switzerland, the International Energy Unit -IEU signed the official partnership and project development agreement with Bionas / BATC Malaysia in the worth of USD 12.2 Billion representing the first phase of the Green Great Green Wall of Africa GGWA/ UN Project.
Dr. Hossam ElShazly, the President & CEO of the Swiss International Group CPI signed the official partnership and project development agreement with Mr Seri Mohd Safi, the Group Executive Chairman of BIONAS Malaysia on the special event hosted by the Intercontinental Hotel in Kuala Lumpur on the 9th of June, 2017. The meeting was attended by Dr. AbdelHakim Hassabou the Director of the IEU at the CPI International Group, Mrs. Purina Amnan, the Group CEO of BATC Development in addition to the group of distinguished African Leaders, diplomats and business leaders from several African countries. Executive guests also include representatives from Nigeria, Chad, South Africa and Ghana as well as the World Energy Council and leading business owners from Asia.
The first phase of the project aims at developing the Waste-to-Energy (W2E) and Solar Power Projects in Nigeria, Sudan, Chad and Uganda as essential components of the Great Green Wall of Africa (GGWA) UN project. The CPI-IEU is developing the first part of the project based on the innovative Waste-to-Energy (W2E) and Solar Power technologies owned by the CPI International Group – IEU and its affiliated partners in Switzerland and United States. BIONAS is the essential designer of the MasterPlan of the Great Green Wall of Africa (GGWA) UN project. It is also worth mentioning that the next step of the project will be concluded in Nigeria in the attendance of the officials of the CPI International Group, BIONAS, BATC, UN and the Central Bank of Nigeria. In this same context, Mr. Godwin Emefiele, the Governor of the Central Bank of Nigeria announced recently, that the bank is planned to raise USD 50 billion as Biofuel Industrial Equity Fund / BIEF to support the project.