PROJECT

Projects

Summary of Investment Information

Project Number

51962

Company Name

Eauxwell Nigeria Limited

Date SPI Disclosed

Sep 29, 2026

Country

Nigeria

Region

Africa

Projected Board Date

Oct 31, 2026

Environmental Category

B - Limited

Status

Pending Approval

Last Updated Date

Sep 30, 2026

Department

Regional Industry - INF Africa

Industry

Infrastructure

Sector

Solar - Renewable Energy Generation

Additional Project Attributes

Blended Finance

Project Description

The proposed investment is to support Eauxwell Nigeria Limited (the “Company” or “Eauxwell”) to build up to 73 mini-grid sites, totalling 16 MW, across states including Kano, Gombe, and Taraba in Nigeria. The sites are expected to receive performance-based grants from the World Bank Nigeria Distributed Access through Renewable Energy Scale-up Project (DARES).

The debt investment is part of an up to US$200 million IFC DARES Platform under which IFC is looking to provide similarly structured debt investments to several mini grid developers/operators.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation