Lagos to review private investment in power sector
The Lagos State Government is set to review private investment opportunities in its electricity market during a summit in November 2026. Read More: https://punchng.com/lagos-to-review-private-investment-in-power-sector/
The Lagos State Government is preparing to reassess private investment and private-sector involvement within the city's electricity market during a summit in November 2026. This comes as several private power projects advance through various stages, while others await regulatory approval. The Lagos State Electricity Law, 2024, will be a key focus, particularly in relation to private-sector participation and investment across the electricity value chain.
The summit will also examine developments under the law and explore opportunities for strategic partnerships and investments. Notable projects mentioned include Fenchurch Power Limited's 26MW Akute Independent Power Plant and Elektron Energy Development's 40MW Victoria Island Power project. The Lagos State Electricity Regulatory Commission has also approved 14 new licences for off-grid generation, embedded generation, private distribution, and mini-grids, indicating a growing role for private participation in the Lagos electricity market.
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