Elektron Energy Power Plant to Transform West Africa’s Infrastructure
The demand for electricity in Nigeria far exceeds the supply, resulting in a substantial gap between the two. This gap leads to frequent power outages, inadequate access to electricity, and reliance on alternative and often unreliable sources of energy like generators. It poses a significant hindrance to economic growth, industrial development, and the overall quality of life for Nigerians.
These challenges have necessitated the involvement of private stakeholders to bridge the power generation gap. Rising to the occasion is Elektron Energy Development Strategies Limited (Elektron Energy), an energy infrastructure company that acquires, develops and owns energy infrastructure projects in West Africa. Partnering with Eko Electricity Distribution Plc. (EKEDP), Elektron Energy has embarked on a 30-megawatts (MW) embedded natural gas-fired power plant in Lagos. worth $50 million.
Lagos State governor, Babajide Sanwo-Olu, while speaking at the groundbreaking ceremony held in Victoria Island, through his representative, Olusola Shasore, Permanent Secretary of the Ministry of Energy and Mineral Resources said: “We understand that reliable steady power builds commerce, commerce builds capital and capital brings industrialisation and industrialisation brings employment to our youths, which is our area of interest. We are available to whoever is interested in bringing power to the state because we have to do everything we really need to do for Lagos to have power as the economic hub of the country.
We are in very interesting times with the New Electricity Act and it can be very good times for us if we are very collaborative. We believe that it is the private sector that would drive this achievement for us.”
The CEO of Elektron Energy, Mr Tola Talabi, in his speech, acknowledged the presence of dignitaries such as Tariye Gbadegesin, the Managing Director and Chief Executive Officer of ARM-Harith Infrastructure Investment Limited, the co-equity sponsors of the embedded IPP; the Board and Management of Elektron Energy including the Chief Operating Officer (COO), Mr Jide Onakoya; the Board and Management of Eko Disco; the Debt Providers: FBN Quest, Bank of Industry (BOI), Infra Credit; and the technical partners, Wartsila.”Read more: click here
Governor Seyi Makinde approves the construction of Ibadan hybrid power plant
Oyo state Governor Seyi Makinde has flagged the development of a 11MW Ibadan hybrid plant to be lead by Elektron Energy.
This was uncovered through his twitter page. He went further saying the Hybrid power plant construction will run for 8 months and will power Oyo state secteriat, Agodi, Ibadan and environment.
As expressed by the Governor, the 11MW hybrid power solution will power; 12 medical care offices, including Adeoyo Maternity Teaching Hospital, State Hospital Ring Road, the Lekan Salami Sports Complex, Adamasingba, the Judicial complexes at Iyaganku and Ring Road, the state’s House of Assembly, and a choice of schools within a defined catchment from the generating plant at the Oyo State Secretariat.
The CEO Tola Talabi stated that the power plant, when completed, would drive productivity, development, jobs, services to the government and the people of Oyo State. He further said the hybrid power project has significant benefits for the people of the state, including reduction in cost and pollution, driving productivity.
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Lagos state Gov Babajide Sanwolu inspects Alausa Independent Power plant
Lagos state Governor Babajide Sanwolu visited the Alausa independent power plant (IPP) for inspection on the 2nd of January 2020. He stated that the exercise was done in line with the plan to increase the output of IPP in response to the growing need to sustain the “light up Lagos” project initiated by the preceding administration as well as absorbing more public offices in the state-owned power grid. Also In attendance were Elektron’s CEO Tola Talabi and COO Jide Onakoya.
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Elektron donates nonperishable foods as pandemic relief to communities in Lagos and Ogun state
Elektron energy donates nonperishable food items to the Lagos and Ogun community to bring relief as part of the exemplary work to tame the raging corona virus pandemic. The CFO Deen Solebo presented the items on behalf of the company and he also commended both governors for their exemplary effort to bring aid to the people in both states.
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