Invest & Partner
Two Ways to Participate
Industrial Park tenants access captive baseload power at a fraction of diesel cost within the Badagry Free Trade Zone. DFI and ECA partners access a bankable BOOT concession with German-content ECA eligibility.
Industrial Park Tenants
Captive Power at USD 0.07–0.09/kWh
The Eco-Industrial Park (SPV-D) within the Badagry Free Trade Zone offers manufacturing, logistics, and processing tenancies anchored by reliable captive power from the co-located WtE plant — at a tariff equivalent to 20–25% of diesel generation cost.
NEPZA Free Trade Zone Incentives
Target Tenant Sectors
| Food & Beverage Processing | 1–3 MW | Port export + Ogun agri-supply |
| Cold Storage / Logistics | 0.5–2 MW | Port reefer staging |
| Pharmaceutical / Health | 1–3 MW | Power reliability critical |
| Light Manufacturing | 0.5–2 MW | Recycled plastics from MBT stream |
| Data Centre / Tech | 2–10 MW | Power certainty + FTZ tax holiday |
| Construction Materials | 0.5–1.5 MW | IBA aggregate + BTNL recycled plastic |
DFI & ECA Partners
KfW / Hermes ECA — Platform Finance Path
German content from CMPL (Martin GmbH grate licence) and Siemens Energy (STG + LTSA) establishes Euler Hermes ECA eligibility for a KfW IPEX-Bank senior debt facility targeting approximately USD 245M at a 22-year tenor under the Hermes Green Instrument.
Indicative Capital Structure
| Phase 1 Indicative CAPEX | ~USD 350 million (subject to feasibility study and EIA) |
| Debt : Equity | 70:30 — standard DFI project finance structure |
| Senior Debt Target | ~USD 245M · KfW IPEX-Bank buyer credit |
| ECA Cover | Euler Hermes Aktiengesellschaft — Green Instrument |
| German Content | CMPL (Martin GmbH licence) + Siemens Energy STG |
| Tenor Target | 22 years at CIRR fixed rate |
| Equity | ~USD 105M — founding promoters + DFI equity at close |
| Primary Revenue Instruments | Industrial Park PPAs · LAWMA WSAs · LSWMO SSAs · Carbon credits |
Pre-Conditions for Financial Close
- ✓Conditional Concession Approval from Lagos State Government
- ✓Waste characterisation study confirming MSW NCV and daily tonnage
- ✓Signed WSA framework — minimum 1,500 TPD from LAWMA
- ✓Executed Sludge Supply Agreement with LSWMO (Oke-Afa sludge stream)
- ✓Minimum 3 Industrial Park anchor tenant PPAs (minimum 10 MW)
- ✓CMPL EPC Letter of Intent — Martin grate combustion system
- ✓Siemens Energy STG supply Letter of Intent — LTSA framework
- ✓Lagos State PPP Office land allocation and FTZ concession confirmation