10MW Kano Solar Project

Project Name:

  • Kano Solar Project

Project Sector:

  • Power

Project Sponsors:

  • Federal Government of Nigeria
  • Kano State Government
  • Kumbotso Local Government

Commencement Date / Closure Date / Completion Date

  • Q4 2022

Project Location (Region or State):

  • Kano State

Project Description:

NSIA was appointed by the President of the Federal Republic of Nigeria, in a letter dated December 12, 2018, to assume the role of Funds and Project Manager for the development and construction of a 10MW FGN/Kano Solar Project.

NSIA was tasked with the responsibility of:

  • Creating a special purpose vehicle (“SPV”) - Haske Solar Company Ltd - with the following ownership structure: Federal Government of Nigeria with 80%, Kano State Government with 15% and Kumbotso Local Government with 5%.
  • Undertaking project development activities (including environmental impact assessment, basic engineer and designs of the plant, load flow studies, energy yield studies, geo-technical & physical studies, legal contracting).
  • Procurement of a construction and operations contractor.
  • Construction of the plant.
  • Operationalization of the Project.

Benefits / Impact (Social, Economic & Others):

Impact Remarks
Job creation The project is expected to create at least 500 direct and indirect jobs across the construction and operational phases of the project.
Access to clean energy Solar power is one of the cleanest, most sustainable and environmentally friendly sources of energy.  The 10MW plant will augment the existing supply from the grid.
Spur growth The availability of steady power can spur socio-economic growth in the immediate area, as well as the state as a whole.
Increase the revenue base of the state An increase in economic activity, driven by sufficient power, will provide the state with added internally generated revenues in the form of taxes and other levies.
Model for replication The successful implementation and operation of this solar plant will form a template for other similar projects across the country.

Project Cost / Size:

  • $15 million

Funding structure:

  • 100% equity funding

NSIA’s interest:

  • NSIA were appointed as Funds and Project Manager for the development and construction of a 10MW FGN/Kano Solar Project by the presidency

Partners:

  • N/A