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). Wärtsilä will also operate and maintain the power plant for five years on behalf of the customer.

The engineering, procurement, and construction (EPC) responsibility, together with the operation and maintenance (O&M) agreement, has been entrusted to Wärtsilä by Victoria Island Power Ltd. (VIPL), the special purpose company incorporated by Lagos-based Elektron Energy for this project. The equipment supply contract was booked by Wärtsilä in Q4 2024.

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