Entric’s microgrid for rural electrification will provide economic opportunity to Unserved and underserved communities in Nigeria who have no or little access to the national electricity grid through the deployment of decentralized microgrids electricity assets. It will improve lives by Providing access to clean and reliable electricity energy at lower cost to consumers than their inefficient and polluting petrol and diesel generators.
We utilize microgrid technologies with distributed renewable energy resources that allow the efficient dispatch of these resources to provide reliable and clean electricity.
Status Kapitalsuche: Auf Kapitalsuche
Höhe der gesuchten Finanzierung: 1.200.000 €
Unternehmensphase: Start-up Phase (Gründung und Markteinführung)
Tam Kemabonta The founder is an astute and sagacious Entrepreneur/Engineer whose quest for success, excellence, and professionalism knows no bounds. We have an elite team of professionals, engineers, business tycoons, and many others from different walks of life—with several years of experience in the electric supply industry. The management is made up of visionaries with a clear and distinct business blueprint and focuses who are bent on ensuring that the company attains the maximum height in this industry as well as become the best in Nigeria at large. Also, meeting and surpassing the company’s vision and missions cannot be forgone as one of the management’s ambitions in setting up this company.
Our Product is Electrical energy, Clean Reliable and sustainable Electrical energy which we generate with our Microgrid technology. We have our microgrid design templates ready for the procurement and deployment of these assets. We are identifying the necessary underserved or unserved communities for the deployment of our microgrid assets. After community is identified we would go ahead and get an exclusivity agreement signed - a requirement by the regulatory body (NERC). Then we go ahead and calculate the potential energy consumption of the community then send out a Request for Proposal to microgrid component vendors based on our design template to procure components.
According to the International Energy Agency, there are over 1.1 billion people without access to electricity. In sub-Saharan Africa, the electrification rate is 47%. In Nigeria there are over 85 million people without access to energy, and 65% of them live in rural areas (IEA). The correlation between high energy access and low poverty rates has long been established. Hence, to lift over 70% of the Nigerian population that currently live on less than 2 dollars a day out of poverty increased access to electricity has to be a priority. Entric is committed to addressing this problem.
Some of us grew up experiencing more than 39 power outages per month and others in communities that had no access to electricity. With the skills that we have acquired - advanced degrees in electrical engineering and business acumen - we have decided to being part of the solution to this perennial problem facing our country.
After the deployment of our pilot microgrid assets, we expect to serve - providing electricity to - 300 households. This is very scalable because our assets can easily be deployed in different regions. Our potential for scaling is only limited by capital. At the end of the first year we expect to have impacted the lives of 1200 people. Our numbers show a payback period of 3 years on these assets, using the capacity of the energy sources and the expected monthly revenue as variables in the sensitivity analysis. Hence, we can deploy more assets in other communities with the capital gains on the previous one without raising outside capital. Currently Nigerians already spend up to 14 billion dollars annually on portable power generation (inefficient and polluting diesel and petrol gensets), providing a more cost effective and reliable alternative could, on net balance save6 billion dollars a year.
CurrentAccording to the World Bank, Nigeria’s inability to provide electricity to about 80 million of its people meant that it is the second country after India in the world with more of her population without electricity and the first in Sub-Saharan Africa, Nigerians already spend upto 14billion dollars annually on portable power generation providing a more cost effective and reliable alternative that could save use 6billion dollars a yr.
Entric Power Systems Ltd
Strategic Hub Fonte House, Atillery B/stop
500272 port harcourt
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