Nigeria Case Study: Financing Instruments for the Mini-Grid Market
This GET.transform case study illustrates Nigeria’s successful approach to establishing large-scale mini-grid programmes. One of the success factors in Nigeria is the development of strong financing instruments, on top of a series of power sector reforms and regulations in place for the development of mini-grids. Nigeria uses both performance based grants and minimum subsidy tenders, with result-based financing (RBF) instruments used under both the Nigeria Electrification Project (NEP) and the Rural Electrification Fund (REF), to guarantee consistency in reimbursement of developers’ costs.
Nigeria Case Study: Financing Instruments for the Mini-Grid Market
This GET.transform case study illustrates Nigeria’s successful approach to establishing large-scale mini-grid programmes. One of the success factors in Nigeria is the development of strong financing instruments, on top of a series of power sector reforms and regulations in place for the development of mini-grids. Nigeria uses both performance based grants and minimum subsidy tenders, with result-based financing (RBF) instruments used under both the Nigeria Electrification Project (NEP) and the Rural Electrification Fund (REF), to guarantee consistency in reimbursement of developers’ costs.
Download