The first phase of the project will consist of the development and construction of a 2.5MW solar PV plant with the potential to include a storage component, construction of 8 solar mini-grids and associated distribution works, roll out of solar home systems, deployment of smart metering infrastructure and an integrated cutting edge information and operations technology platform, grid network upgrades, as well as securing energy supply from nearby existing renewable generation assets.
Our Development Partner
USD 2.5 million
Development Fund Contracted
Estimated Project Impact
6 GWh of power produced
8 953 tCO2eq/year of emissions avoided
tbc jobs created
85 433 people served
CI1 is participating as co-developer, financial advisor and E&S advisor in the project. The parties expect to scale up the Konexa platform across Nigeria and / or the rest of the continent.
Contract signature date
7 October 2020
Expected commercial operations date
Renewable generation and distribution sub-concession
Various renewable generation
Environmental & Social Category
Renewable Generation and Distribution
The Project has been classified as Category B+ in terms of environmental and social (E&S) impacts and risks. Adverse E&S impacts are limited and effective mitigation measures in line with international standards are available. The main E&S impacts and risks relate to construction activities and occupational and community health and safety. IFC Performance Standards (PS) 1-4 are applicable to the Project. IFC PS5 is considered partially applicable as a small poultry farm encroaching onto the solar PV site is being relocated. The Project does not pose any risk to sensitive biodiversity (IFC PS6) or Indigenous Peoples (IFC PS7), and IFC PS8 (cultural heritage) is not triggered beyond the standard ‘chance finds’ procedure requirement. An ESIA (including an ESMP) has been prepared for the solar PV plant and grid network upgrades. A community development programme is being implemented by Konexa, which has included the installation of a solar mini-grid to serve two rural villages, and an associated livelihoods improvement training and support programme.