Elektron Secures Long-Tenor Bond to Deliver 30MW Power Project in Lagos

Elektron Energy hassuccessfully closed its debut capital markets transaction – a 15-year,InfraCredit-guaranteed infrastructure bond issued via Elektron Finance SPV Plc.The bond, which has been approved by the Securities and Exchange Commission, isdesigned to fund the flagship Victoria Island Power Project (VIPP) and presentsa significant step towards Elektron’s broader NGN 200 billion bond program.

Once completed, the 30MW embedded gas projectwill supply reliable power to Lagos’ commercial hub through a dedicated 12.6kmdistribution network, reinforcing the company’s role in shaping Nigeria’senergy future.

Above all, this marks a major milestone in the Elektron Energy story, asit positions the company, through this project, as a key player in unlockingNigeria’s future productivity, investment and innovation…

Latest News and Insignts

August 12, 2025
Elektron Secures Long-Tenor Bond to Deliver 30MW Power Project in Lagos
Elektron Energy has successfully closed its debut capital markets transaction – a 15-year, InfraCredit-guaranteed infrastructure bond issued via Elektron Finance SPV Plc.
May 23, 2025
Finland’s Wärtsilä to build, operate 30 MW IPP project in Victoria Island
Technology group Wärtsilä will supply power generation equipment for a new 30 MW power plant being set up on Victoria Island in Lagos by a Nigerian independent power producer (IPP).
January 8, 2025
ARM-Harith’s Investment Facilitates Delivery of Ibadan Hybrid Power Plant
Tola Talabi, MD/Co-CEO of Elektron, has said that the financial mobilization from ARM-Harith made it possible for the Elektron’s partnership with Oyo State Government.