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IEEE CSI Business Development Workshop

Green Village Electricity Project;A Suitable Model for Reliable Renewable

Deployment in Nigeria

Ifeanyi B. OrajakaGreen Village Electricity Enterprises, Nigeria.

Appraisal of the Nigerian Power Sector

7 Plants

3 Plants

3 Plants

1 Plant

• Current Total Generating capacity 2600MWatts

• Country Population 167Million People

• % of Population connected to the Grid = 45%

• % of Population below Poverty Line = 65%

Electricity Consumption per capital

0.00

5,000.00

10,000.00

15,000.00

20,000.00

25,000.00

30,000.00Ic

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Appraisal of the Nigerian Power Sector Cont’d

USA = 12,406

Nigeria = 108Ghana = 431

Why Solar For Nigeria?

Relative Availability

Grid Expansion Complexities

Long life span with flexible maintenance plan.

Environmentally friendly.

Decline in cost with improved R&D.

Improved Efficiency and Reliability

Easy Installation and Expansion

Project Overview

Project Goals/ Objectives

Current Status

Project Justification

Initial Project Technical ModelGeneration

Transmission

Distribution

5KWatts of reliable off-grid Solar electricity to power about 20 homes. 40 interconnected 210watts solar panels 14 200AHR, 24volts deep cycle batteries 5KWatts off-grid Inverter 80 Amperes Charge controller Remote Monitoring Facilities

Hybrid Mini-grid Network consisting of; Ring Network: 30mm Armoured Cable, covers settlement

perimeter Serial Network: 6mm Armoured cable tapped from Ring to Nodes.

Star connection from Nodes to Houses Wiring of individual houses Isolator and emergency devices at designated locations. lighting points and sockets for appliances

Modified Project Model

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

Our Niche

Opportunity/ Innovation

Why people will buy from us

Our competitors

Our competitive Edge

Market Expansion Strategy

Market Analysis

CSI Pilot Deployment Program BudgetSummary    

Item   Budget

Equipment $77,437.00

Development Costs $9,630.00

Administration $11,312.00

Shipping and Transportation $8,923.00

Travel Expenses $2,000.00

Stipends/Salaries $4,000.00

    Total: $111,302.00 1 2 3 4 5

-

100

200

300

400

500

600

700

800

900

1,000

Series1

Project Time Line/ Financial Model 1

1 2 3 4 5 $-

$100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000

Annual Revenue

Annual Revenue

1 2 3 4 5 $-

$20,000 $40,000 $60,000 $80,000

$100,000 $120,000 $140,000

Equipment Cost

Equipment Cost

1 2 3 4 5

$(200,000)

$(100,000)

$-

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

$700,000

Total RevenueTotal ExpensesNet Profit or (Loss)

1 2 3 4 5

$(150,000)

$(100,000)

$(50,000)

$-

$50,000

$100,000

$150,000

$200,000

$250,000

New Loan AmountIncremental Loan PaymentCummulative Loan PaymentYearly Interest PaymentTotal Long Term OutStand-ing DebtCash Required for Equipment Cost

Cost of Capital @ 15% Interest RateInvestment Outlay

Financial Model Cont’d

IEEE Award

Registration with C.A.C.

IEEE Foundation Grant

UNDP/ Bank of Industry Nigeria Partnership

Rivers State Sustainable Dev. Agency Partnership

Website: www.greenvilgroup.com

Impact on Student Volunteers

Impact on Beneficiary Community

Global Impact

Project Milestone/ Impact Projection

Chuka P. EzeVolunteer Co-ordinator

Ikechukwu OnyekweluProject Co-ordinator

Engr. Prof. Gloria A. Chukwudebe (Mrs)Executive Adviser

Engr. Uchenna OrakaTechnical Adviser

Ifeanyi B. OrajakaTeam Lead

Project Team

Theft Hostility Vandalism Insecurity of project Team Poor Project Site Donation by Community Poor Technology Assimilation Rate Lack of maintenance competence Conflicting Interests amongst stakeholders Success Factors Project Evaluation

Risk Assessment

Green Village Electricity Project;A Suitable Model for Reliable Renewable Deployment in

NigeriaDiscussion & Questions?

Ifeanyi B. OrajakaIfeanyi.b.orajaka@gmail.com

www.greenvilgroup.comtwitter: @gvegroup

facebook: Green Village Electricity Enterprises