REF Objectives

  • More equitable access to electricity across regions
  • Maximize the economic, social and environmental benefits of rural electrification subsidies
  • Promote expansion of the grid and development of off-grid electrification
  • Stimulate innovative approaches to rural electrification.

Source of REF Funds

  • Any surplus appropriated pursuant to the EPSR Act 2005 (section 53).
  • Any fines obtained by NERC pursuant to the EPSR Act 2005.
  • Any donations, gifts, or loans made by International Agencies, State Governments, the Federal Government, local communities, businesses, etc
  • Any contribution that may be made pursuant to the EPSR Act 2005, and interest and other benefits accrued to the Fund (REF)
  • Monies appropriated by the National Assembly / Special Intervention fund
  • Percentage of the annual turnover of the licensee’s as may be determined by the Commission

POWER GENERATION TECHNOLOGIES

REF would support a combination of renewable and other conventional power generation sources. However, all solutions supported by the REF shall fall under the category of renewable energy, having, at least, a 30% penetration by a renewable energy source or a combination of them. Technology innovation, which results in more sustainable solutions and/or improves the financial viability of the projects, shall be an asset.

Hydropower
Both run-of-river and dam-based hydropower projects are eligible. All types of turbines (including kinetic technology) are eligible.
Solar photovoltaic
The use of mono-crystalline and poly-crystalline silicon is allowed for all Power Supply Systems, while amorphous silicon may be used for Solar Lanterns only. All sorts of mounting structures shall be eligible (including tracking systems).
WIND
All kinds of turbines shall be eligible.
Hybrid Systems
combining different renewable generation technologies and conventional technologies (e.g. open and closed cycle gas turbines, reciprocating oil and diesel engines or coal technologies) are also eligible
Biomass
All types of biomass-to-power technologies shall be eligible.
Intermittent generation technologies
such as solar photovoltaic and wind may use any kind of electrochemical storage (lead-acid, lithium-ion, nickel-metal hydride, nickel-cadmium, etc.) and /or alternative sources of storage (e.g. hydrogen) which shall also be eligible. All kinds of electronic equipment such as rectifiers and converters used shall be eligible