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Lagos, March 9, 2021 Havenhill Synergy Ltd. has raised N1.89 billion ($4.6m) for the construction of 22 mini-grids from Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) under the Nigeria Electrification Project.
The NIDF Chief Executive Officer, Anshul Rai, in a statement on Monday said that NIDF would provide Havenhill long-term financing of N1.89 billion ($4.6m) to part-finance the roll out of these mini-grids.
He said that the mini-grids would connect 70,000 people along with other establishments in the host communities to clean, reliable energy supply.
Rai said that the development was part of Havenhill’s strategic focus on energy access and clean energy for Nigerians.He said it was quite fulfilling to note that NIDF was playing a significant role in improving energy access in Nigeria.