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Green Village Electricity Project; A Suitable Model for Reliable Renewable Deployment in
Nigeria
Ifeanyi B. Orajaka [email protected] www.gve-group.com
Nigerian Investment Promotion Commission, Abuja, October 2013.
An Initiative of GVE Projects Limited RC1071222
Company History
• 2009- Project Idea Conceived.
• 2009- Project Wins Institute of Electrical Electronics Engineers Award
• August 2010- Green Village Electricity Enterprises Formed.
• December 2011- Project Wins UNDP/ BOI Award.
• May 2012: Partners with IEEE Power & Energy Society in Johannesburg, South Africa.
• October 2012- GVE Projects Ltd. Incorporated.
• July 2012 – June 2013- Pilot Project Implemented.
• January 2013, GVE Projects Exhibits at the World Future Energy Summit, Abu Dhabi, U.A.E.
• June 2013 – Deloitte Commenced Business Dev. Services for GVE Projects Ltd.
Engr. Prof. Gloria Chukwudebe Chairman
Ifeanyi B. Orajaka (MNSE, MNIM)
Managing Director
Chuka P. Eze (MNSE) E.D. Project Development
Ikechukwu O. Onyekwelu (MNSE)
E.D. Corporate Strategy
Engr. Godwin C. Orajaka Non-Executive Director, Tech. Advisory
JCI Sen. Kalada Apiafi
Non-Executive Director, Business Dev. Advisory
Pioneer Board of Directors
Ifeanyi B. Orajaka (400,000 shares)
Chuka P. Eze (300,000 shares)
Ikechukwu O. Onyekwelu (300,000 Shares)
Pioneer Shareholders
Our Model is a micro-scaled renewable
energy system to efficiently meet the
energy needs of remote settlements at
the most economic cost to suite their
income levels while generating marginal
profits
• 25KWatts of off-grid micro solar/wind to
power Remote Settlements.
• Units of 1.5kWatts of SunBlazer Battery
franchise unit to provide electricity to off-grid
community.
Project Model
Relative Availability
Grid Expansion Complexities
Long life span
Flexible maintenance plan.
Environmentally friendly.
Decline in cost with improved R&D.
Improved Efficiency and Reliability
Easy Installation and Expansion
Why Renewable Energy For Nigeria?
Operations
Products & Process of Production (See Clip)
Total Investment to date
Local Content Inputs Employment Generation/ Wealth Creation
• Pre-Operational Expenses: $15,000.00
• Plant/ Equipment: $62,336.00
• Operations:$13,852.00
• Total Investment: $91,188.00
• Equipment
• Design
• Staff
• Management
• 5 Permanent Staff Till Date
• 15 Adhoc Staff During Implementation
• 25 Indirect Jobs Created in Value Chain
• $6,000.00 Wealth Created in Project Community
Our Niche
Opportunity/ Innovation
Market Penetration Strategy (see mkt survey)
Our competitive Edge
Market Expansion Strategy
Market Analysis
Pre-Pilot Project: Goal: • Providing affordable 6kW micro-grid PV Solar/ Battery franchise energy rental services
to 100 houses in off-grid Egbeke community in Rivers State, Nigeria • Field testing the technical/ commercial feasibility of the project model Status: • Implementation Completed, Review currently on-going • Timeline: July 2012 – June 2013 (June – Aug. 2012= Stakeholders Engagement; Sept
2013 – Oct 2012= Market Survey & analysis; Nov 2012: Final Project Design; Dec 2012 Equipment Procurement; Jan – Feb 2013= Equipment Installation/ commissioning; Mar – May 2013 Field Testing/ Evaluation)
• Budget: $91,188.00 • Financing Structure: 100% financed (Grants by IEEE= $61,188; UNDP/ BOI= $30,000)
GVE Project Milestones
Phase (II) Project: January 2014 – January 2015
• Goal: • To Provide several affordable 25kW micro-grid PV Solar/ Battery
franchise energy rental services to 24 remote/ off-grid communities in Rivers State, Nigeria
• To field test the scalability, replicability/ commercial feasibility of the project model
GVE Project Milestones Cont’d
Phase III: June 2015 – May 2019 Goal: • To Provide several affordable micro-grid PV Solar/ Battery franchise
energy rental services to 500 remote/ off-grid communities in Rivers State, Nigeria
• To build a self sustaining social enterprise, create over 1000 jobs, improve the living standards of over 10million people while creating about $120Million in wealth.
GVE PROJECTS LTD.: • Project idea Conception • Project Analysis/ Design • Project Implementation/ Operations • Managing of Investors/ Stakeholders’ Interests
INSTITUTE OF ELECT. ELECTRONICS ENGINEERS-PES_CSI: Long Term Technical/ Professional Support Seed Funding (Grants/ products Support) $261,118 for Pilot Projects
RIVERS STATE SUSTAINABLE DEVELOPMENT AGENCY: • Provision of enabling environment for project to thrive • Facilitating community entry access • Provision of logistics support for project co-ordination
UNDP/BANK Of INDUSTRY, NIGERIA: Provision of 1st grant sum Provision of support for Feasibility Study/ Biz Plan Development Enhancing Access to Project Financing Facility from Dev. Banks Monitoring and Evaluation
DELOITTE, NIGERIA: Provision Business Development Services Business Plan Development Project Commercialization Feasibility Analysis
INDUSTRIAL & GENERAL INSURANCE PLC: Provision of Personnel & Equipment Insurance Services
SIRONA HAITI: Provision of advisory Services for Project Operations.
GVE Project Stakeholders
Financials
Financials Cont’d
Financials Cont’d
Financials Cont’d
Financials Cont’d
Green Village Electricity Project; A Suitable Model for Reliable Renewable Deployment in
Nigeria Discussion & Questions?
Ifeanyi B. Orajaka [email protected] www. gve-group.com
twitter: @greenvillageelect facebook: Green Village Electricity Enterprises