$50m Elektron’s Plant to Improve Power in Lagos
Peter Uzoho Elektron Energy is progressing its $50 million power project to improve commercial electricity supply in Lagos with the Victoria Island Power (VIPL) project, a 40 megawatts embedded plant
Elektron Energy is advancing a $50 million project in Lagos to enhance commercial electricity supply, specifically through the Victoria Island Power (VIPL) plant. This 40 megawatt embedded plant, slated for completion in the first quarter of 2027, was unveiled at a VIPL Customer Experience Day in Lagos. Attended by business leaders, the event provided a first glimpse at the infrastructure designed to offer dedicated power to Victoria Island.
During the session, Elektron Energy's Executive Director of Business Development, Mr. Ayomide Oladapo, highlighted the project's significance in addressing years of power constraints in the area. He explained that for years, businesses in Victoria Island have been forced to operate under unreliable electricity supply, either by bearing the costs and complexities of self-generation or by navigating the uncertainties of the grid.
Neither of these options provides the predictability and stability that businesses require to effectively plan, invest, and grow with confidence.
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