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Investor Presentaiton

NIGERIA'S POLICY AND REGULATORY ENVIRONMENT SUPPORTS MINIGRID MARKET GROWTH IGERIAN E ECTRICITY REGULATORY NERC Setting Tariffs Grid Exit Licensing & Permitting Integrated Energy Planning Nigerian regulation provides more guidance, preparation, and protection for minigrid development than policies in other markets NERC Regulatory Framework for Minigrids ■ Tariff flexibility currently allowed Minigrids under 1 MW allowed to set cost-reflective tariffs Minigrid interconnection with the grid included in regulatory framework ■ Technical preparation for interconnection Financial preparation for interconnection Accelerated licensing and permitting process for minigrids ■ Clear program for off-grid energy ■ Clear priority to support isolated minigrids and their role in powering commercial loads Source: Nigerian Electricity Regulatory Commission, Regulations for Mini-Grids, 2016. RURAL ELECTRIFICATION AGENCY 17
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