{
  "id": 12255938,
  "title": "LASG, Fenchurch Commits to Reviving 26MW Akute Power Plant",
  "url": "https://urgent.news/2026/10/05/lasg-fenchurch-commits-to-reviving-26mw-akute-power-plant",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T23:27:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/10/06/lasg-fenchurch-commits-to-reviving-26mw-akute-power-plant/"
  },
  "original_language": "en",
  "account": "The Lagos State Government, in collaboration with Fenchurch Group, is committed to reviving the 26MW Akute Independent Power Plant (IPP) to generate water for over six million Nigerians. Biodun Ogunleye, the state Commissioner of Energy and Minerals Resources, led a delegation to inspect the engines being containerized for the project at the Oregun fabrication yard of OEM partner Jubaili Bros Engineering Ltd. The Akute IPP revival is part of the broader Lagos State Water Corporation and Lagos Electrification Market projects. The state government is investing heavily in water production facilities, and they expect significant investment in core power generation as well. The 26MW power generation capacity of the project can potentially scale up to 100 or 200MW, depending on the demand for energy. Fenchurch Group's CEO, Olufemi Bakare, emphasized that electricity is essential for the reliable functioning of the water infrastructure. The financial commitment from Fenchurch Group accounts for 28% of the project's capital requirements, with Zenith Bank contributing 80% to complete the project. The Akute IPP is expected to be commissioned in Q1 2027, with the installation of engines expected to improve efficiency in water production.",
  "summary": "Oluchi Chibuzor The Lagos State Government in partnership with Fenchurch Group has expressed commitment to rebuild the 26 megawatts Akute Independent Power Plant (IPP) aimed at providing water to over",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}