November 20, 2017 - Energy Co-Invest Corp, Toronto based developer and financer for energy and infrastructure projects, announced that it has chosen Ethiopia as the first destination from African countries to set up its electric vehicle assembly and inductive charging stations, reports FBC.
In a meeting held today with State Minister Dr. Aklilu Hailemichael, the owner and CEO of the corporation, Mr. Jordan Oxley announced that his company has embarked its studies which help the plant to fully materialize in the near future.
Mr. Jordan said the project is a fully funded project whose central aim largely coincides with the clean energy development strategy the Ethiopian government aspires to forge.
The CEO noted the cheaper, cleaner and self-sustaining vehicles would mark a revolution on the car industry in the country and motivates other African countries to follow Ethiopia’s experience in the field.
Dr. Aklilu noted the position taken by the Energy Co-Invest Corp to kick off its plant showcased country’s awe-inspiring records to building a middle income green climate resilient economy by 2020.
The move taken by the corporation is in tandem with the policies and strategies of the country, noted the State Minister.