Elektron Energy has announced that its 40-megawatt power plant, known as Victoria Island Power, is nearing commercial operation. The plant, developed in partnership with Eko Power Ltd., is expected to begin operations in December 2026. The project aims to provide dependable electricity infrastructure to commercial and industrial customers in Victoria Island, a district with numerous businesses, banks, corporate headquarters, and hotels.
The facility is being equipped with Wärtsilä 34SG gas engine generators, with Wärtsilä serving as the engineering, procurement, and construction contractor. According to Elektron Energy's General Manager, Operations, Mr Nicholas Abolo-Tedi, the project is designed around dedicated generation infrastructure to serve businesses within the Victoria Island commercial district. This approach differs from conventional electricity supply arrangements that rely on the wider grid.
The Lagos State Electricity Regulatory Commission (LASERC) recently inspected the facility to assess progress on the infrastructure. The LASERC Chief Executive Officer, Temitope George, led the delegation on an official visit to the facility, accompanied by Adekunle Olopade and Adetunji Adesanya. The delegation was received by Elektron's General Manager, Operations, and Director of Engineering, Mr Oladipo Ogunniyi, alongside Wärtsilä Site Manager, Mika Gummerus.
During the inspection, the delegation toured the facility and engaged with the project team on construction milestones, engineering standards, safety, compliance, and technical requirements. The visit followed the recent issuance of an electricity generation licence to Elektron Energy, marking a further step in the project's development. Ogunniyi emphasized that reliability had been a central consideration in the engineering and development of the plant.
The plant is expected to provide dedicated generation capacity, support more stable electricity supply, and reduce reliance on backup generators for businesses across Victoria Island. The district currently accommodates numerous commercial establishments that often depend on alternative power sources due to inconsistent electricity supply. The project represents an investment in infrastructure required to support the long-term operational needs of businesses in Victoria Island.
Gummerus, Wärtsilä's Site Manager, emphasized the importance of engineering standards in delivering infrastructure capable of operating reliably over the long term. He stated that a plant of this scale had to be built to run reliably from day one, not just at commissioning, but for the decades that follow. The LASERC visit also provided an opportunity for regulators to examine the project's technical requirements as Lagos develops its electricity market.
The project is part of Elektron Energy's efforts to provide dependable electricity infrastructure to commercial and industrial customers. The company remains focused on completing construction, meeting regulatory requirements, and preparing the facility for commercial operation in December. With the plant's expected commencement, businesses in Victoria Island can look forward to a more stable and reliable power supply.
Key points
- Elektron Energy's 40MW power plant in Victoria Island, Lagos, is set to begin commercial operation in December 2026.
- The plant is designed to provide dedicated generation capacity and support more stable electricity supply to businesses in Victoria Island.
- The project represents an investment in infrastructure required to support the long-term operational needs of businesses in Victoria Island.
