Lagos Smart Grid PPP — Phase II Concession
Lagos represents 30% of Nigeria's electricity demand. A performance-based structure with sovereign-backed guarantees materially de-risks a historically challenging market.
Pipeline stage
Current stage in the standardized project development lifecycle.
- 01Concept
- 02Pre-feasibility
- 03Feasibility
- 04Structuring
- 05Tender
- 06Award
Overview
The Nigeria Electricity Regulatory Commission (NERC), in partnership with the Lagos State Government, seeks a private partner for the Phase II expansion of the Lagos Smart Grid Programme. Scope covers 1.1M new smart meters, distribution automation across 42 feeders, and a shared operations center. Revenue model: performance-based availability payment plus loss-reduction share.
Contract & funding structure
- Instrument
- PPP
- Contract value
- $420M
- Sponsor / awarding authority
- NERC / Lagos State Government
- Country
- 🇳🇬 Nigeria
- Sector
- Energy & Power
- Procurement framework
- ICRC Act 2005 · Established PPP unit
- Currency of tender
- NGN
- Language of submission
- EN
- Target IRR
- 14–17%
- Risk grade
- B+
Key dates & deadlines
| Notice published | Dec 10, 1969 | Completed |
| Last update | Dec 30, 1969 | Completed |
| Prequalification / EoI cut-off | Jan 28, 1970 | Completed |
| Site visit / clarification | Feb 08, 1970 | Completed |
| Submission deadline | Feb 18, 1970 | Completed |
Eligibility criteria
- Minimum 5-year track record in DisCo operations
- Proven consortium with local DisCo partner
- Bid bond $2.5M
Required submissions
Documents bidders are expected to include in their response.
- Company registration & tax certificate
- Audited financials (last 3 years)
- Technical proposal & methodology
- Financial proposal (sealed)
- Bid security / bond
- Consortium agreement (if applicable)
Public documents
Tender pack and public annexes released by the sponsor.
Risks & notes
NGN devaluation risk mitigated by indexed tariff.
Tariff review cycles every 6 months.
Partial guarantee from AFC/Sovereign SPV.