Lagos Smart Grid PPP — Phase II Concession
Sponsor: NERC / Lagos State Government · Last updated December 30, 1969
AI-generated summary
Draft · reviewed by deskNERC / Lagos State Government is advancing a ppp in Nigeria's energy & power sector valued at $420M. Lagos represents 30% of Nigeria's electricity demand. A performance-based structure with sovereign-backed guarantees materially de-risks a historically challenging market. Bankability indicators sit at 8.4/10 with a B+ risk grade and a 14–17% expected IRR range.
Public documents
4 files- Info MemorandumPDF · 4.2 MB
- RFQ PackageZIP · 18.6 MB
- Draft Concession AgreementPDF · 2.1 MB
- Nigeria PPP PolicyPDF · 1.6 MB
Eligibility checklist
- Minimum 5-year track record in DisCo operations
- Proven consortium with local DisCo partner
- Bid bond $2.5M
Risk notes
NGN devaluation risk mitigated by indexed tariff.
Tariff review cycles every 6 months.
Partial guarantee from AFC/Sovereign SPV.
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