Magnificent Catalytic Inclusions Limited
Magnificent Catalytic Inclusions Limited
Financial Close
April. 2026
Under
Construction
N2.0b Private
Capital Mobilised
710KW
Capacity
7,032 Number
of Connections
1,095 Jobs to be Created
2000 Tonnes of GHG emissions to be reduced per year
Project Description
The project will construct 710kWp total capacity of solar-hybrid mini-grid in four communities without grid access within Benue and Kogi states, that will connect 7,032 households and small businesses. Construction is planned to commence in 2026 and commercial operations for 2027. Magnificent Catalytic Inclusions Limited delivers decentralised clean energy across Nigeria. To date, the Company has constructed and currently operates three (3) mini-grids with a combined PV capacity of 97kWp, providing electricity to approximately 270 connections across Kogi and Enugu states.
- Rural Electrification
- Rural Telephony
- Rural Electrification & Rural Telephony
- Mini Grids - Markets
- Default
Financing StructureThe project was financed through a blended instrument, with the UK funded Climate Finance Blending Facility enabling a 7-year fixed rate local currency debt financing for the project by investing in the subordinated debt tranche.
The transaction was further supported by InfraCredit’s Clean Energy Co Financing Partners, Clean Energy Fund (CeF). CeF is authorised and registered by the Securities & Exchange Commission and certified by Climate Bonds Initiative, to provide local currency funding from domestic institutional investors to small and medium sized climate aligned, sustainable and inclusive clean energy infrastructure that support Nigeria’s energy transition.
The project on completion will electrify up to 7,032 unserved households and small businesses, create up to 1,095 temporary and permanent jobs whilst enhancing access to renewable energy for productive uses, and avoid 2000 tCO2e of GHG emissions.
The 4 hybrid-solar mini-grids will have environmental benefits of climate change mitigation, energy savings and greenhouse gas reduction and simultaneously have a positive direct contribution to the United Nations Sustainable Development Goals (SDGs) 7, 8, 9, 11, 13 and 17 as identified in the Green Bond Framework.
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Technical Assistance Support
funded the upfront due diligence costs for the Project through its technical assistance facility for climate aligned infrastructure bonds established with InfraCredit
