Climate Finance & Technology
Nigeria
Grants & Concessional Finance
- Bharat has offered a concessional loan (LoCs) amounting to USD 100 million to Nigeria in the power sector including renewables. Two projects viz. Kaduna – USD 30 million and Cross Rivers – USD 30 million are in the advanced stages of implementation. The third project in the State of Enugu for USD 40 million is also expected to be implemented soon.
- Bharat has offered two concessional loans (LoCs) for solar related projects namely (i) 50 MW Solar Power Plant in Bauchi State of Nigeria for an amount of USD 66.60 million and (ii) Solar PV Renewable Micro-Utility (REMU) in six political zones of Nigeria for an amount of USD 8.36 million, during the International Solar Alliance (ISA) Founding Conference and Solar Summit held in March 2018.
