UBACLE Group, Cando Solar sign multi-billion naira deal

Indigenous firm, UBACLE Group has signed a multi-billion naira deal with Chinese company, Cando Solar, for the manufacturing and marketing of the latter’s product in Nigeria.

The signing of the deal which was done in Changzhou City, Jiangsu Province, China will be an extension of the bi-lateral relationship that exists between both countries.

The first phase of the deal will begin with the marketing of Cando Solar in Nigeria. According to information made available to newsmen, the building of the manufacturing plant of Cando Solar in partnership with UBACLE Group is expected to commence soon, as every aspect of the deal is perfected.

However, the marketing of Cando Solar which UBACLE Group has exclusive right to distribute has already began.

Chief Executive Officer, UBACLE Group, Uba A. Michael, described the deal as a milestone for the manufacturing industry in Nigeria.

He said: “The deal will open up new doors, create jobs and contribute to the Nigerian economy generally.

“China and Nigeria already has an existing relationship so doing business with the Chinese is not a new thing and we expect to get the best for both countries from this.

“Ubacle Group is committed to working with multinationals in reducing carbon emissions and building a greener future and not just about profit.”

On his part, Chief Executive Officer and Chairman, Cando Solar, Dr. Qiang Huang, said, “We’re committed to working with UBACLE Group to ensure we work together to set-up a factory in Nigeria and create jobs, thereby making life better for everyone who gets involved in the project.”

Cando-Solar is a provider of heterojunction solar modules while UBACLE group has business interest in mining, energy (oil and gas, renewable energy, EVS), pharmaceuticals, transport and logistics, real estate, ICT, agriculture and procurement.