$50m Elektron’s Plant to Improve Power in Lagos

THISDAYLIVE | 08-09-2026 12:29am |

Elektron Energy is advancing its $50 million power project in Lagos, featuring a 40-megawatt embedded plant on Victoria Island, scheduled for completion in Q1 2027. The project was unveiled at a customer experience day, where Executive Director Ayomide Oladapo highlighted its role in addressing power constraints. Oladapo noted that businesses have long faced unreliable power, and this plant aims to provide predictable electricity for planning and growth.

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