Page 146 - UUBO Deal Academy 2020 - Materials

Eligibility criteria – Minimum Subsidy Tender

REA initiated an RFQ selection process to determine eligibility of applicants

Technical Financial Other

Requirement Requirement Requirements

• Developed and • Stable financial • World Bank eligibility,

operated 2 mini-grids position absence of conflict of
of more than 10kW • At least 1 million USD interest
since 2014 in liquid assets (or • Historical contracts

• Requirements must NGN equivalent) and litigation (no prior
be met by at least • Having raised over 5 issue with applicant)

one JV partner million USD (or NGN • Compliance with REA

equivalent) in debt for and World Bank E&S
2+ infrastructure standards

projects since 2014 • Requirements must

• Requirements must be met by all JV

be met by at least partners
one JV partner

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