An Italian based company known as Joint Venture B. Eng S.R.L Limited - locally referred to as Eco-Solar Sierra Leone - will be investing the sum of two million United States Dollars (US$2,000,000) for the provision of street light system and photovoltaic portable lamps.
Experts have described the move as a big boost for the country’s energy sector.
The Italian Chief Executive Officer (CEO), Mr. Bearzi Giovannino, in an exclusive interview on Tuesday 9th November 2010 at the Sierra International Hotel in central Freetown said their strategic target is to compete in the Sierra Leone’s light market system through series of activities in the different field of industry, public, industrial and civil light systems. This, he said, is in order to diversify the supplied product, and expand the size of the company locally and internationally.
He pointed out that the company was founded in 2004 to mainly engage in the design and development of lighting systems for automotives such as rear lamps, inner roof lamps, and the packaging of medical and food stuffs.
“The objective of our activities has always been to develop innovative and customized projects to optimize the final product in terms of technicalities and economy - cost reduction for materials and process, energy saving to ease maintenance,” he explained.
He used the interview opportunity to assure all and sundry that their products will help the government in providing street lights for the city and other areas in the country.
Communication Director, Mr. Abdulai Sheriff, revealed that the Italian delegation has visited the appropriate government officials and submitted relevant documents as they go about the registration process.
He furthered that the government has already identified a piece of land at the industrial zone in Newton for the construction of a factory.
He underscored their readiness to kick start the project as soon as possible, adding that a team of experts were already on a feasibility study.
If all goes as planned, he furthered, the company will commence production by early next year. “And by the end of 2011, we will start exporting our products to other countries in the sub-region,” he stressed.