At NBET, we have four mandatory requirements for our due diligence exercise.
- Land: We request for any one of the following documents relating to your land documents:
- Registered title deed to project site
- Notarized sale agreement of the project site
- Deed of assignment I gift of the project site
- Evidence of submission of a title deed to a relevant Land processing agency regarding the project site.
- Environmental Impact Assessment (EIA) – Completion of an Environmental Impact Assessment that meets the Federal Ministry of Environment standards. We expect to receive the final and complete EIA report for the project and an approval from the Federal Ministry of Environment
- Evacuation: A Complete and comprehensive evacuation study at the project site must be completed and the project must get a provisional evacuation approval from the Transmission Company of Nigeria (TCN). This will provide NBET the comfort that there will be no stranded generation capacity.
- Fuel: NBET requires a Gas Supply Agreement from a reputable Gas Supplier.
The above are the four MANDATORY requirements that must be met before NBET starts any negotiation with potential IPPs.
Other additional due diligence documents includes:
- Project Partners- Sponsors, technical and financial partners.
- Status of License application and other permits.
- Project Information – Capacity, Technology, and Project timelines.