EXECUTIVE SUMMARY

APRIL 2021
 ABOUT Nayo Tropical Technology (NTT) has been at the forefront of
renewable energy technology in Nigeria for the past two decades.
US We are a vertically integrated cleantech company with core
activities in renewable energy distributed generation project
development, product import and distribution and full EPC.

NTT is raising funding to capitalize core operations, fund the

implementation of a strong project pipeline and grow its
operations in Nigeria and regionally.

Pioneered the first metered solar mini grid in Nigeria in 2011

Pioneered the first interconnected mini grid in Nigeria in 2019 and successfully
built three mini grids
Successfully completed EPC -C&I projects totaling 1.1 MWs
UNDP /BOI award- 2012 – piloting mini-grid concepts
Shell grant…2019 Growth stage support to scale up operation to become a
major regional player.
GiZ financing…Nigerian Energy support programe-Interconnected mini –grids
acceleration scheme (I-MAS )– Grant support Covering distribution assets
including Poles , cables ,Smart meters and solar panels .
WB performance award.. *Attained company level clearance in 2018.
KEY
gned grant agreement for 10 sites in 2020 (built 6 sites to commissioning stage by ACHIEVEMENTS
2021) 4 more agreements expected to be signed before June 2021.
owerAfrica Financial advisory covers financial modelling ,Business strategy and
tworking .
Extensive high quality project pipeline of rural OTG and interconnected mini
grids and C&I DG projects
 Our Business Units
Solar Hybrid Utility
➢ Off grid
➢ Interconnected
➢ Commercial and
industrial

About Us
Nayo Tropical Technology (NTT) has been in the forefront of
renewable energy technology in Nigeria for the past 2 decades.
Registered in Nigeria as a limited liability company on 14th of
January 2004. Solar EPC
We are a vertically integrated Cleantech company with core activities ➢ System design
in Renewable R&D, Utility and EPC. ➢ Procurement
➢ Construction
KEY ACHIEVEMENTS: ➢ O&M
➢ Industry leader in Cost reduction and reliability
➢ Pioneered the first metered Solar mini Grid in Nigeria in 2010
➢ Pioneered the fist Interconnected Mini grid in Nigeria in 2019
➢ Best in class in-house engineering capability
➢ Owns a mini grid production facility Warehousing and distribution
➢ Extensive high-quality Project pipeline ➢ R&D and production
➢ OEM
➢ Franchising
 Our Mission
MILESTONES We will drive growth through excellence in Research and Development.
We will move up the value chain through rapid development of advanced technology products
and services.

We will leverage our relationships, networks, cost leadership and "can do" attitude to become a
renewable energy industry leader in Africa.

1996 2004 2011 2012

Won $30,000
Incorporated as Commissioned
Registered UNDP/BOI
a limited the first metered Energy
as an
liability solar mini-grid in challenge
enterprise
company Nigeria
Facility

Commissioned the
first
Commissioned the Commissioned
interconnected
100kW –Giz/NESP1 the 98kW
mini-grid in Nigeria
–Tungan Jika solar REA/REF1 - Kare
– 184kW Mokoloki
mini-grid Solar mini grid
solar grid in Ogun
State

2017 2019 2020

 Project Examples

98kW

SELECT PROJECT solar PV

mini-
grid,

EXPERIENCE IN MINI- 75 kW solar PV C&I mini-grid,

Lagos State
State

GRID SECTOR 100 kW

solar PV
mini-grid,
Niger
State 50 kW solar PV mini-grid, at Umon
Island Cross river state State

Project Pipeline Relationships with Distribution Network Operators

Existing projects as Under Construction

• Company is already in a cooperation with DisCos since
Key metrics
at Dec 2021 2022/23 2019
• Existing MoU with 3 Major Electricity distribution
No. of mini-grids
companies for development of interconnected mini- 185 kw PV
PV capacity MW interconnect
grids and captive power projects .
ed mini- grid
No. of connections
• 2.4MW PV Projects current in development project at
Rural off grid
• Targeted 100MW total of projects pipeline are under Mokoloki –
Ogun State
Sub-Urban interconnected mini
grid
consideration in the three disco franchise areas
 • Our EPC team has secured MOU agreements with
three major Electricity distribution companies to
develop over 100MW Project pipeline across

PIPELINE Nigeria.
• All production and equipment supplied through our
Warehousing & Distribution business and mini-grid
HIGHLIGHTS assembling facility in Abuja, Nigeria.

EXPERIENCE
in NIGERIA
 1
Okenwa Nnenna Juliet
CO-FOUNDER

OUR Nnenna has over 20 years experience in commercial

banking, particularly in the engineering sector.
She studied Electrical and Computer Engineering at the

TEAM Federal University of Technology Minna, Niger State and

holds two advanced degrees: Masters in Business
Administration from Abubakar Tafawa Balewa University and
Masters in Engineering Management from Rivers State
University of Science and Technology.

Okenwa Anayo Nas

FOUNDER & MD/CEO

Anayo has built a distinctive track record, pioneering renewable energy technologies in Africa and the Gulf states. His technical and business leadership
experience led to the formation of Nayo Tropical Technology Ltd over 23 years ago and has sustained growth to become a regional powerhouse in mini-grid
utilities and construction.
Anayo has a background in power systems engineering, including power plant modeling and performance optimization. He is a graduate of Enugu State
University of Science and Technology, Nigeria, and has attended various courses in Europe and USA. He is a member of numerous industry associations
including REAN, AMADA , ASME and NSE.
Okenwa is a thought leader in renewable energy polices and technologies in Nigeria.
 Cynthia Nkechi .O
Total Staff HEAD OF ADMINISTRATION

32 Cynthia has 11+ years in renewable system design and

24
19
installation, management and procurement.
She holds a B.Eng degree in Electrical/Electronic Engineering from
the Enugu State University of Science and Technology.
2018 2019 2020
Cynthia is a member of the Nigeria Society of Engineers, a
Renewable Energy Professional Member, as well as the Council
for The Regulation of Engineering in Nigeria COREN, REAN
amongst others.

Olayemi Anyeni Tolu-tope Dada

CHIEF OPERATIONS OFFICER

CHIEF FINANCIAL OFFICER
Tolu-tope Dada has over 13 years of successful multifaceted experience in all
aspects of entrepreneurship and corporate management, and a proven ability to
Over a 14-year experience, Ayeni worked extensively across
revitalize organizations, initiate co mpany-wide campaig ns, and capture untapped
Finance, Risk Management, and Internal Control. In Deloitte, opportunities for growth.
he helped Private Equity firms with transactions involving
various West African businesses in power and other sectors. Noted for building high-performing teams with a collaborative approach to
successful service delivery, cutting down expenses and driving business innovation,
While in KPMG, he advised various clients on financial
leveraging on wealth of experience working in Europe and deep understanding of
instrument valuation and IFRS reporting. He is a graduate of the African Markets to accelerate business growth and competitive edge.
Accounting (the Obafemi Awolowo University), a Fellow of
the Institute of Chartered Accountants of Nigeria, a Financial Recipient of multiple awards, widely recognized as a Process improvement
champion with a history of implementing new procedures and technologies to
Risk Management charter holder, and a CFA final level
strengthen business posture, enhance operational efficiency, and control costs.
candidate.
ORGANIZATIONAL STRUCTURE – NAYO TROPICAL TECHNOLOGY
Board

President/Gr
oup CEO

Company
EA to the CEO
Secretary

Group Chief Group Chief Group Head,

Group Chief
Technology Finance Human Capital
Operating
Officer Officer Management
Officer

Research & Account

GM, Nayo GM, Nayo GM Nayo officers
Developmen EPC Utilities Co Trading Co Admin
t Manager
Production Head, Project Commerci al Procuremen Soci al Media
& Engineering Manager Ma na ger t Manager Offi cer
Manufacturi
ng Warehouse/I
Product Channel Ma rketing
Si te Ma nager(s)
Ma na ger nventory
Developmen Managers
Officer
t
Bus iness Revenue
Si te Engineers Development Content Creators As s urance
Consulting Offi cers Offi cer

Da ta/Business
Ana l ysts
 • As a pioneer in Nigeria with a demonstrable track record, NTT is
well-positioned to benefit from increased local and foreign
investment in the renewables sector.

• Close to USD 1bn has been committed in financing by local and

international institutions to Nigeria 2020-2021 alone.

• The company has long-standing relationships with many

developers in the country and has developed a pipeline that
includes:
• Up to 10MW of external EPC projects in 2021 and growing
EXPANSION • Complete World Bank and GIZ Utility assets in 2021, with
further planned projects as current bids are awarded.
• Develop new project pipelines .
OPPORTUNITY • Build out more C&I projects .
• Production of RE Equipment locally in Nigeria
• Scaling up of equipment stocking and distribution .
• .