By Udeme Akpan, Energy Editor
Elektron Energy, a leading developer and operator of embedded power infrastructure in Nigeria, has unveiled its Victoria Island Power (VIPL) project, a 40-megawatt embedded power network designed to provide dedicated and more reliable electricity to businesses in one of Lagos’ major commercial districts.
The company opened the project to customers and business leaders on Thursday, August 27, 2026, during its Victoria Island Power Customer Experience Day, giving stakeholders an opportunity to inspect the facility and receive technical briefings ahead of commissioning.
The project, being developed in collaboration with Eko Electricity Distribution Company (EKEDC) and under a licence from the Lagos State Electricity Regulatory Commission (LASERC), combines power generation and distribution infrastructure to supply electricity directly to businesses across Victoria Island.
Speaking at the event, Ayomide Oladapo, Executive Director, Business Development, Elektron Energy, said the project was designed to address the longstanding challenges businesses face with unreliable grid supply and the high cost of self-generation.
“For years, businesses in Victoria Island have had to operate within the constraints of unreliable power, either absorbing the cost and complexity of self-generation or navigating the uncertainty of the grid,” he said.
“Neither model provides the predictability businesses need to plan, invest and grow with confidence.
“Victoria Island Power changes that equation. By delivering clean, dedicated, professionally managed electricity infrastructure, we are giving businesses access to reliable power without the burden of fuel logistics, generator maintenance or operational disruption.”
Oladapo added that the project was ultimately aimed at enabling businesses to concentrate on their core operations rather than power supply challenges.
“Ultimately, this project is centred on creating the confidence businesses need to focus on growth, productivity and long-term success,” he said.
The 40MW facility will use Wärtsilä engine technology, with the project team providing customers and business leaders with technical details of the generation plant and its distribution network during the customer experience event.
Mika Gummerus, Site Manager, Energy Services & Upgrade, Wärtsilä, said the project demonstrated the importance of combining technical expertise with long-term infrastructure planning.
“Victoria Island Power shows what happens when the right technical expertise, infrastructure and long-term planning come together,” he said.
According to Gummerus, Wärtsilä’s experience in power generation would support the delivery of a more dependable electricity supply to businesses in the district.
“Wärtsilä brings decades of experience engineering flexible, efficient power generation, and through our partnership with Elektron, we’re applying that expertise to deliver embedded power directly to one of Lagos’ most important commercial districts,” he said.
“It’s a model built on close collaboration, from system design through to operation, and it’s helping make power there more dependable and efficient for the businesses that rely on it.”
The project is backed by institutional investors and financiers including ARM-Harith Infrastructure Fund, the Nigeria Sovereign Investment Authority (NSIA), InfraCredit and the Bank of Industry (BOI).
The financial backing underscores the growing role of private capital in developing power infrastructure targeted at Nigeria’s commercial and industrial centres.
Elektron said the Victoria Island project builds on its experience in distributed energy infrastructure, including the Rack Centre Independent Power Project (IPP) and Ibadan Hybrid Power Plant.
The company said the VIPL network is expected to provide businesses with an alternative to individual diesel-powered generators by supplying locally generated electricity through a professionally managed distribution network.
Beyond improving reliability, the project is intended to reduce businesses’ dependence on diesel generators and provide greater predictability in electricity costs and supply.
The launch forms part of Elektron Energy’s broader strategy of bringing power generation closer to consumers and expanding access to dedicated electricity for commercial and industrial users.
Businesses operating across Victoria Island can register their interest in joining the network ahead of the project’s commissioning.
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