Elektron Energy says its 40-megawatt power plant being developed in Victoria Island of Lagos is nearing commercial operation.
The project, known as Victoria Island Power, was developed in partnership with Eko Power Ltd. and would begin commercial operation in December 2026.
The company’s General Manager, Operations, Mr Nicholas Abolo-Tedi, disclosed this in a statement on Friday in Lagos.
According to him, the project is designed around dedicated generation infrastructure to serve businesses within the Victoria Island commercial district.
“Unlike conventional electricity supply arrangements that depend primarily on the wider grid, the project is designed around dedicated generation infrastructure serving businesses within Victoria Island,” he said.
He said the facility was being equipped with Wärtsilä 34SG gas engine generators, with Wärtsilä serving as the engineering, procurement and construction contractor.
Abolo-Tedi said the development formed part of Elektron Energy’s efforts to provide dependable electricity infrastructure to commercial and industrial customers.
He said the project represented an investment in infrastructure required to support the long-term operational needs of businesses in Victoria Island.
He said the company remained focused on completing construction, meeting regulatory requirements and preparing the facility for commercial operation in December.
The Lagos State Electricity Regulatory Commission (LASERC) recently inspected the facility to assess progress on the infrastructure.
Abolo-Tedi said the LASERC Chief Executive Officer, Temitope George, led the delegation on an official visit to the facility.
He said the delegation included Adekunle Olopade and Adetunji Adesanya.
Elektron Energy says its 40-megawatt power plant being developed in Victoria Island of Lagos is nearing commercial operation.
The delegation was received by Elektron’s General Manager, Operations, and Director of Engineering, Mr Oladipo Ogunniyi, alongside Wärtsilä Site Manager, Mika Gummerus.
Ogunniyi said the delegation toured the facility and engaged with the project team on construction milestones, engineering standards, safety, compliance and technical requirements.
“The inspection followed the recent issuance of an electricity generation licence to Elektron Energy, marking a further step in the project’s development,” he said.
He said reliability had been a central consideration in the engineering and development of the plant.
“Every system on this site, from generation to interconnection, is being built with reliability as the first requirement, not an afterthought,” Ogunniyi said.
He said the infrastructure was intended to address operational challenges associated with inconsistent electricity supply for businesses across Victoria Island.
Ogunniyi said the district accommodated banks, corporate headquarters, hotels and other commercial establishments that often depended on alternative power sources.
He said the plant was expected to provide dedicated generation capacity, support more stable electricity supply and reduce reliance on backup generators.
Gummerus, Wärtsilä’s Site Manager, emphasised the importance of engineering standards in delivering infrastructure capable of operating reliably over the long term.
“A plant of this scale has to be built to run reliably from day one, and not just at commissioning, but for the decades that follow.
“That’s the standard we’re building to here,” he said.
The LASERC visit also provided an opportunity for regulators to examine the project’s technical requirements as Lagos develops its electricity market.
It also came as the state expands opportunities for private-sector participation in electricity generation and supply.
