Nova Solar 5 Farms Limit (DFC-NOVASOLAR)

Countries
  • Nigeria
Where the impacts of the investment may be experienced.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Azura Katsina Limited
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 27, 2020


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Project Description

The Project involves the construction and operation of a 100 megawatt (MW) photovoltaic (PV) plant which will be located on a 200 hectare site in Katsina State, 3 kms north-west of Kankiya in northern Nigeria. Over half of the project site is used for farming and livestock grazing while the remaining part of the site is a gazetted forest reserve area. The forest reserve is currently used by the local communities for grazing and farming and also forms part of a transit route for taking livestock to water at a nearby dam. The Project will consist of the photovoltaic panels which will be mounted on aluminum poles about 3m high and of which 1.4m will be buried underground. Also on site a switchyard and internal road network will be constructed. There is no need for additional land for a transmission line as the Project will connect via the on-site switchyard to a 130kV line that crosses the site.

Investment Description
  • US International Development Finance Corporation (DFC)
Contact Information

No contact information provided at the time of disclosure