De-risking Renewable Energy NAMA for the Nigerian Power Sector

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Nigeria

Description

Overview
Sector	Energy
Focus area	Renewable energy (unspecified)
Type of action	Strategy/Policy
Scope	National
Stage	Implementation
Submitted to UNFCCC registry	No
Start of initiative	2013

Financing and support details
Financing status	Seeking financing
Total cost	US$ 171.53 mln
Financing requested	(no data)
Financing received to-date	US$ 4.4 mln
Principal source of financing	Multilateral
Principal type of financing	Grant
Capacity building required	Yes
Technology transfer required	Yes

Additional information
Proponent(s)	Federal Ministry of Power, Federal Ministry of Environment, Energy Commission of Nigeria, Nigerian Electricity Regulatory Commission, Transmission Company of Nigeria
International funder(s)	GEF, UNDP
Organization providing technical support	(no data)
Contact

Objective:

The main objective of the NAMA is to increase the share of renewable power generation in Nigeria up to 10% by 2020 (excluding large hydro).

Activities: (2016 - 2036)
The NAMA has four components:

• Policy and institutional framework for private investment in on-grid renewable power generation.
• Financial de-risking instruments for private investment in on-grid renewable power generation.
• Grid management to absorb intermittent but predictable renewable energy.
• First commercial on-grid RE projects, with 100 MW of additional RE-based power generation capacity.

The GEF has approved a project, in April 2016, to support the Federal Government of Nigeria (FGN) in the development and implementation of this RE NAMA for the Nigerian Power Sector.

Impact and MRV

Cumulative GHG reductions: 1.6 MtCO2e

Mitigative capacity:

No information has been provided on mitigative capacity

Co-benefits:

Social:	* health benefits energy access
Economic:	* job creation
Environmental:	* reduced emissions

MRV Framework:
No MRV plan has been defined

References

• https://www.thegef.org/project/de-risking-renewable-energy-nama-nigerian-power-sector

The NAMA is expected to leverage about 167M$ of co-financing from the national government, bilateral aid agencies, financial institutes as well as private sector.