Abbreviations Flashcards
(29 cards)
APC
Arava Power Company
DFI or DFIs
Development Financial Institutions
EPC
Engineering, Procurement, and Construction
ESIA
Environmental and Social Impact Assessment
FGN
Federal Government of Nigeria
Global Incident Irradiation
The total solar energy received on a unit area of tilted surface
IPP
Independent Power Producer
MOE
Nigeria Ministry of Environment
MOF
Nigeria Ministry of Finance
MOP
Nigeria Ministry of Power
MOU
Memorandum of Understanding
National Grid
The national power grid operated by the Transmission Company of Nigeria
NBET
Nigerian Bulk Electricity Trading PLC
NEPA
National Electric Power Authority
NERC
Nigeria Energy Regulatory Commission
NIPC
Nigeria Investment Promotion Commission
O&M
Operations and Maintenance
PAP
Project Affected People
PCOA
Put Call Option Agreement
PPA
Power Purchase Agreement
PRG
Partial Risk Guaranty
Project Company
The single purpose vehicle that will be formed to hold 100 per cent of the Project
Project Sponsors
Collectively, Nigeria Solar Capital Partners Ltd.; Gigawatt Global Cooperatief U.A.; Industry Capital Advisors, LLC; and Arava Power Company
RAP
The Resettlement Action Plan prepared by Nigeria Solar Capital Partners, Ltd. and updated as further consultations with stakeholders are implemented. The RAP will be carried out in compliance with the World Bank Operational Policy OP 4.12 (Involuntary Resettlement) and IFC Performance Standards
