{"organism":"Page","children":[{"organism":"Container.Raw","children":[{"organism":"Metadata","model":{"title":"FAQs About the DART Program","text":"\u003Cp\u003EFrequently Asked Questions About the DART Program\u003C/p\u003E\r\n\r\n\r\n","links":[{"name":"Frequently Asked Questions About the DART 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tenor of the program?","text":"\u003Cp\u003EThe program will run for an initial 3-year period, with the option to renew at the discretion of all parties.\u003C/p\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/allon/en_gb/dart-program/frequently-asked-questions-about-the-dart-program/jcr_content/root/main/section/list/list_item_1286456526","model":{"title":"What are the features of the facility?","text":"\u003Cp\u003EPurpose: To finance the upfront procurement of equipment under the DART Program by eligible companies.\u003Cbr\u003E\r\n\u003C/p\u003E\r\n\u003Cp\u003ETenor: 24 months; 6-month moratorium on interest and principal repayment\u003C/p\u003E\r\n\u003Cp\u003ECurrency: Available in US Dollars (USD), with Naira repayment option\u003C/p\u003E\r\n\u003Cp\u003EInterest Rate: \u003Cb\u003ECompetitive\u003C/b\u003E\u003C/p\u003E\r\n\u003Cp\u003ERepayment: Quarterly payment of interest and principal (after moratorium period)\u003C/p\u003E\r\n\u003Cp\u003ESecurity: The security structure may include a combination of any of the following:\u003C/p\u003E\r\n\u003Cul\u003E\r\n\u003Cli\u003ELien on equipment financed \u003C/li\u003E\r\n\u003Cli\u003EComprehensive insurance over equipment financed noting All On as the “first loss payee” until full liquidation of facility\u003C/li\u003E\r\n\u003Cli\u003ECharge/Lien on designated accounts into which grant, and project proceeds will be paid\u003C/li\u003E\r\n\u003Cli\u003ECharge on other assets, e.g., receivables\u003C/li\u003E\r\n\u003Cli\u003EJoint Signatory on account into which grant, and project proceeds will be paid.\u003C/li\u003E\r\n\u003Cli\u003EIrrevocable Standing Payment Order \u003C/li\u003E\r\n\u003Cli\u003EA dedicated debt service reserve account into which periodic remittances shall be made to build up funds towards repayment\u003C/li\u003E\r\n\u003Cli\u003EPersonal guarantee of project sponsors.\u003C/li\u003E\r\n\u003Cli\u003ECorporate guarantee of parent or related company.\u003C/li\u003E\r\n\u003C/ul\u003E\r\n\u003Cp\u003E\u003Ci\u003E\u003Csup\u003E*\u003C/sup\u003EThe final terms and security structure will be at the discretion of All On\u003C/i\u003E\u003C/p\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/allon/en_gb/dart-program/frequently-asked-questions-about-the-dart-program/jcr_content/root/main/section/list/list_item_288214013","model":{"title":"What are the benefits of the program?","text":"\u003Col\u003E\r\n\u003Cli\u003EDevelopers are able to enjoy an efficient ordering process, economies of scale and better priced products through the aggregator’s higher bargaining leverage with the suppliers that would ordinarily not be available to them.\u003C/li\u003E\r\n\u003Cli\u003EThe program makes funds available to developers at a relatively cheaper rate compared to what is offered by commercial banks and other financiers.\u003C/li\u003E\r\n\u003Cli\u003EAs the DART equipment facility is denominated in USD, developers have access to the foreign currency required to purchase solar components from foreign suppliers.\u003C/li\u003E\r\n\u003Cli\u003EThe program will enable developers to obtain better payment terms from suppliers.\u003C/li\u003E\r\n\u003C/ol\u003E\r\n"}},{"organism":"AccordionItem","color":"inherited","id":"/content/shell/business/allon/en_gb/dart-program/frequently-asked-questions-about-the-dart-program/jcr_content/root/main/section/list/list_item_1165472805","model":{"title":"What are the eligibility requirements?","text":"\u003Cp\u003EEligibility requirements for potential applicants to the Demand Aggregated Renewable Technologies Program:\u003C/p\u003E\r\n\u003Col\u003E\r\n\u003Cli\u003ECompanies must be operating in the Nigerian off‐grid energy market; C&I Solar energy project developers, Mini-grid developers, and Small-Scale for Productive Use (SSPU) or Standalone Solar Energy Systems(SES) developers.\u003C/li\u003E\r\n\u003Cli\u003ECompanies must prove that they possess the relevant skills, experience, and track record in deployment of Distributed Renewable Energy solutions in Nigeria or other jurisdictions.\u003C/li\u003E\r\n\u003Cli\u003ECompanies must have been operational for a minimum of two (2) years.\u003C/li\u003E\r\n\u003Cli\u003ECompanies must have achieved Nigeria Electrification Project (or a similar grant) prequalification and possess a finalized grant agreement under the program (except for eligible Commercial and Industrial energy developers).\u003C/li\u003E\r\n\u003Cli\u003ECompanies must provide at least two years audited financial statements.\u003C/li\u003E\r\n\u003Cli\u003EEligible Commercial and Industrial project developers must provide credible, sustainable power purchase offtake contracts.\u003C/li\u003E\r\n\u003Cli\u003ECompanies must be in good financial and statutory standing, with no adverse credit history or existing default on credit facilities.\u003C/li\u003E\r\n\u003Cli\u003EEligible Companies must show clear policies and adherence with Anti‐Bribery and Corruption, Anti‐Money Laundering, Ethics & Compliance, and tax regulations.\u003C/li\u003E\r\n\u003Cli\u003ECompanies must submit a financial model and well-defined business plan showing a clear growth plan, funding need, plan for use of proceeds and evidence of commercial viability of repayment sources.\u003C/li\u003E\r\n\u003Cli\u003ECompanies must demonstrate ability to complete projects, with funding from other sources, including internal equity or external financing.\u003C/li\u003E\r\n\u003Cli\u003ECompanies must show evidence of clear and sustainable governance frameworks, with procedures, controls, and systems in place to demonstrate effective management and ensure project viability.\u003C/li\u003E\r\n\u003Cli\u003EWomen-owned and / or operated companies and companies with indigenous founders will be given 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