Investor Presentaiton
Minigrids
THE NIGERIAN MINIGRID MARKET IS UNDERPINNED BY THE MOST
APPEALING MINIGRID SITES IN AFRICA
Small
Off-Grid
Medium
Off-Grid
Obot Ekpene,
Onyen-Okpon,
urban
Medium
Underserved Peri-
Large Underserved
Peri-urban
Okun-Owa, Ogun
Cross River
Cross River
Mokoloki, Ogun
Peak Load
16 kW
Current Cost,
$0.75/kWh
200 kW
$0.52/kWh
85 kW
1.8 MW
$0.39/kWh
$0.25 (industrial)
Diesel Generation*
Estimated Tariff Today
$0.51/kWh
$0.40/kWh
$0.42/kWh
$0.33/kWh
(15% IRR)**
Customer Savings
$0.24/kWh
$0.12/kWh
$0.03/kWh
$0.08/kWh
IRR if Tariff Matches
26%
22%
13%
6%
Current Cost
Capital Cost
$130,000
$1.1 M
$600,000
$9.7 M
Consumption per Day
200 kWh
2,500 kWh
1,300 kWh
27,000 kWh
RURAL ELECTRIFICATION AGENCY
These types of sites are fully
commercially viable now
with a 15% project IRR
Source: RMI analysis
These sites are very good relative to most
minigrid sites (typically $0.60+/kWh or
(#210+/kWh) and provide superior service
relative to self-generation
*Fuel price typically varies by region (200% -250% /L). Case studies reflect local field visit pricing
Assumes 100% debt financed at 10% APR
**
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