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Energy: Chapel Hill Denham boosts Havenhill's mini-grid rollout with N1.8 billion

Energy: Chapel Hill Denham boosts Havenhill’s mini-grid rollout with N1.8 billion
The funds will part-finance the rollout of mini-grids that would connect 70,000 people along with other establishments to clean energy.
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As part of its strategic focus on energy access and clean energy for Nigerians, Chapel Hill Denham’s Nigeria Infrastructure Debt Fund (NIDF), the first listed infrastructure debt fund in Nigeria and Africa, has announced the successful financial close for the construction of 22 mini-grids being developed by Havenhill Synergy Limited under the Nigeria Electrification Project.
With this development, NIDF will provide Havenhill long-term financing of N1.8 billion ($4.6M) to part-finance the rollout of these mini-grids, that would connect 70,000 people along with other establishments in the host communities to clean, reliable energy supply. ....

Olusegun Odunaiya , Anshul Rai , International Monetary Fund , Pt Mag Campaign , Havenhill Synergy , National Bureau Of Statistics , United States African Development Foundation , Health Care Initiative , Chapel Hill Denham Nigeria Infrastructure Debt Fund , Energy Financial Solutions , Development Goals , African Development Bank Af , Chapel Hill Denham , Nigeria Infrastructure Debt Fund , Havenhill Synergy Limited , Nigeria Electrification , National Bureau , African Development Bank , Social Management System , Wale Shonibare , Federal Government , Synergy Limited , Energizing Healthcare Initiative , Africa Off Grid Project , Call Willie , அன்ஷுல் ராய் ,

Chapel Hill Denham boosts Havenhill's mini-grid roll out with $4.6M funding [ARTICLE]

With this development, NIDF will provide Havenhill long-term financing of N1.8 billion (c. $4.6 million) to part-finance the roll out of these mini-grids, that would connect 70,000 people along with other establishments in the host communities to clean, reliable energy supply.
Recent data obtained from National Bureau of Statistics revealed that access to reliable electricity in Nigeria is relatively low with a rural electrification rate still hovering around 39%.
In 2019, the International Monetary Fund (IMF) also estimated that a lack of access to reliable electricity costs Nigeria an estimated US$29 billion a year.
The inability of the owners/operators of main electricity grid to connect rural communities and provide them with reliable power supply has further amplified the need for decentralised energy systems and other clean alternatives. ....

Olusegun Odunaiya , Anshul Rai , International Monetary Fund , Havenhill Synergy Limited , National Bureau Of Statistics , United States African Development Foundation , Health Care Initiative , Chapel Hill Denham Nigeria Infrastructure Debt Fund , African Development Bank , Energy Financial Solutions , Development Goals , African Development Bank Af , National Bureau , Social Management System , Financial Solutions , Wale Shonibare , Federal Government , Nigeria Electrification , Synergy Limited , Energizing Healthcare Initiative , Africa Off Grid Project , அன்ஷுல் ராய் , சர்வதேச பண நிதி , ஹேவன்ஹில் சினெர்ஜி வரையறுக்கப்பட்டவை , தேசிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் , ஆரோக்கியம் பராமரிப்பு முயற்சி ,