French firm eyes $10m revenue after Zim deal

HARARE - European energy group Schneider Electric (Schneider) hopes to generate $10 million in revenue over the next three years following re-engagement with the Zimbabwean market.

This comes as the France-based Schneider has partnered Zimbabwean firm, Samansco.

The two on Tuesday signed an exclusive agreement that will see Samansco distribute Schneider’s solar equipment.

“The three year target in terms of revenue is in excess of $10 million,” Samansco’s managing director Jangez Gangat told Business Live.

“Schneider has also made commitment throughout Africa to train over 10 000 people on a programme aimed at using sustainable energy. Here in Zimbabwe we are targeting over 2 500 to train over the next three years,” he added.

He added that Schneider’s portable solar-powered lights, Mobiya TS 120S (Mobiya), provides a perfect fit into Samansco’s energy solutions.

For more than 30 years, Samansco has been developing products and systems to provide clean, efficient and reliable power.

To date, it has supplied over 22,000 systems in 14 countries throughout southern and central Africa.

Schneider’s head of sustainable development for southern Africa Zanelle Dalglish added that; “Our solutions are far-reaching, ranging from bringing electricity to New York to rural communities in Zimbabwe.”

Dalglish noted that the Mobiya was ideal for off grid households, small shops, street vendors and fishing boats.

“Currently in Zimbabwe, 55 percent of the population is not connected to the grid, and 11,5 percent is under serviced in remote areas, rendering the Mobiya an ideal solution for social and economic development,” she said.

France’s ambassador to Zimbabwe Laurent Delahousse commended both Schneider Electric and Samansco for their pro-active approach in promoting renewable energy for sustainable development in Zimbabwe.

“It is fundamental that private sector initiatives, such as these undertaken by French company, Schneider Electric, and Zimbabwean company, Samansco, become drivers for both growth and economic development. The Embassy of France is pleased to have been able to support this partnership and the fostering of co-operation with both the Rio Zim Foundation and the Simukai Project.”

He added that his mission would bring its full support to the implementation of this quality, portable off-grid lighting solution, which supports both social and economic enhancements in the country.

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