PROJECT

Projects

Environmental & Social Review Summary

Project Number

51454

Company Name

Maskh Nigeria Limited

Date ESRS Disclosed

Sep 24, 2026

Country

Nigeria

Region

Africa

Last Updated Date

Sep 24, 2026

Environmental Category

B - Limited

Status

Pending Approval

Sector

Solar - Renewable Energy Generation

Industry

Infrastructure

Department

Regional Industry - INF Africa

Project Description

Maskh Nigeria Limited (“Maskh” or “the Company”), established in 1991, develops and operates decentralized renewable energy systems in Nigeria, with a focus on rural communities in Bauchi and Kaduna States where grid access remains limited. As of 2026, the Company operates 15 solar mini-grids (480 kW, 2,856 connections) across Bauchi and Kaduna States.

IFC is considering a 4-year revolving loan financing to support the Company’s capital expenditure (CAPEX) plan to construct and operationalize 23 isolated and 1 interconnected mini-grid; and 500 solar home systems (SHS) across Nigeria, under the World Bank Nigeria DARES Project (the “Project”). The mini-grid sites will comprise i) installation of PV solar power systems with capacities ranging from 50 to 800kWp; (ii) deployment of battery energy storage systems (BESS) of between 200 - 1,645 kWh capacity; iii) diesel generator sets and; iv) local low voltage power distribution network without transformers; while the SHS component comprises, smart prepaid meters provided to households (the “Project”). The loan will be secured through an assignment of receivables due to Maskh under the World Bank (WB) financed Nigeria Distributed Access through Renewable Energy Scale-up (“DARES”) Program (disclosed on the WB Website - P179687). The World Bank DARES Project builds on the achievements of the WB financed Nigeria Electrification Project (NEP), which has supported the establishment of 125 mini-grids and the sale of over a million Solar Home Systems, through which more than 5.5 million Nigerians have gained access to electricity.

The physical footprint of each installation is highly localized, typically less than a hectare, situated within existing villages. Land for the mini-grids is acquired in accordance with the procedures set out in the World Bank-approved Resettlement Policy Framework (RPF) developed under the DARES Project.

Overview of IFC's Scope of Review

The review was conducted between March and May 2026, through IFC virtual meetings, site visits and an Environment and Social (E&S) due diligence via an independent consulting firm. The review scope included i) meetings with Maskh’s senior management; including E&S and Human Resources (HR) management teams; ii) site visit and interviews with site construction management and operation teams at the Zida and Shagari communities in Bauchi State, which is representative of the company portfolio in terms of size and type of E&S risks; iii) interviews with select members of the public and clients at the Zida and Shagari mini-grid station host communities in Abuja with interest in both male and female community members and project clients, and; iv) a review of the company’s E&S risk management policies procedures and plans. IFC also conducted a desktop biodiversity screening of the 38 proposed mini-grid sites to identify potential biodiversity risks.

E & S Project Categorization and Applicable Standard

Environmental and Social Mitigation Measures

Stakeholder Engagement

Broad Community Support

Environmental & Social Action Plan