The Lagos State Electricity Regulatory Commission (LASERC) has issued an electricity generation licence to Elektron Energy Development Strategies Limited, authorising it to generate electricity within Lagos State. The licence reflects LASERC's confidence in Elektron's technical, operational, and regulatory capabilities. The authorisation strengthens Elektron's role in Lagos State's decentralised electricity market as the Victoria Island Power project moves closer to commercial operation. The licence aligns with Lagos State's ambition to decentralise electricity delivery, encourage private-sector investment, and expand access to reliable, affordable power.
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