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Wednesday, February 21, 2024

Lagos, Abuja roadshows open fresh vista for clean energy financing

Two Roadshows were held recently in Abuja and Lagos (on the 9th September and 11th September respectively), courtesy of the West Africa Forum for Clean Energy Financing (WAFCEF) to introduce project developers, prospective applicants and network members to the second cycle of clean energy financing projects. The forum was tagged “WAFCEF 2014”.

SolarThe Roadshows provided opportunities for participants and potential investors to understand the benefits of participation and how to be involved in the application process. The programmes were primarily targeted to clean energy financing project developers and entrepreneurs. The objectives were to advance the growth of clean energy development in Nigeria as well as encourage the participants to effectively participate in the West Africa Forum that will be launched in the next few weeks with Nigeria as one of the key markets for new projects.

Permanent Secretary, Federal Ministry of Power, Ambassador Dr. Godswill Igali, gave a keynote address. Igali was represented by A. Adebisi, a Director in the Ministry. The opening remarks were delivered by the Head of USAID Nigeria who was represented by Steven E. Henddrix, Supervisory Programme Officer. Present also were partners from various organisations including ECREE, AFDB / DWG. They all commended and associated with the Roadshows and recommended the initiative to participants.

The Roadshows featured the presentation of papers from Segun Adaju, Chief of Party for Winrock International in Nigeria who are the Managers of the Renewable Energy and Energy Efficiency, Project (REEP); Albert Boateng, CTIPFAN Regional Co-ordinator West Africa; Bobby Namiti, CTIPFAN Regional Co-ordinator, East Africa; and Mr. Olowo, a representative of ECOBANK.

The presentations at the Roadshows included introduction to CTIPFAN WAFCEF2, Key issues to cover in successful Proposal, Bankers Perspective, Developers Experience and Mentor’s Perspective.

Participants were worked through Business Plan Development, Investment and Project Analysis, Cash flow and Presentation of the Documents.

The participants had opportunity during questions and answers sessions which was participatory and enriching to contribute to the programmes.

The events, organised by CTIPFAN and REEP on behalf of WAFCEF, ended with the West Africa Coordinator, Albert Boateng, commending the high level of participation and the effort of Winrock International and the Network Partner, CISME Consulting, for making the events successful.

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