Projects

Alausa Power Limited is a subsidiary of Elektron Energy and the owner of the Alausa Power Independent Power Plant (IPP). The IPP is a 10.6MW Capacity Plant that provides power to the Lagos State Government Secretariat and was developed to provide a more cost-effective and reliable power solution and to also increase staff productivity in the State Secretariat. The Secretariat houses the offices of the State Governor and Deputy-Governor, the State House of Assembly, and all state ministries.

Over the past couple of years, there has been growing demand for a reliable power supply around the Alausa/Agidingbi/Ogba business areas. Alausa Power Limited has identified several credit worthy customers who are self-generating electricity at a high cost and who will be willing to migrate to the IPP as a cost saving and a more reliable power solution.

As a result, ALPL has secured NERC’s license to increase its generation capacity from 10.6MW to 30MW in 2021, while its sister company, Alausa Electricity Distribution Limited (AEDL) was granted a license to increase its independent electrical distribution network radius to 11KM from 5.5KM.

However, Alausa Power Limited will begin its business growth initiatives by expanding the IPP by an additional 8MW to be sold to identified off-takers within those key business areas by distributing power through dedicated feeders by Q4 2023, and the development of a distribution infrastructure to the identified off takers

Victoria Island (VI) is arguably the commercial nerve centre of not just Nigeria but the entire West African region with multinationals, commercial banks, embassies, and most blue-chip companies headquartered in the area.

Despite the concentration of commercial activities in Victoria Island and the rapid growth of the area with an increasing number of high-rise buildings coming up and offices opening, businesses in VI are not left out in experiencing poor and unreliable power supply. This has led to their dependence on alternative power supply, ultimately eroding the profitability from their businesses and has made some businesses altogether shut down or relocate.

Victoria Island Power Limited (VI Power) is a 30MW natural gas fired embedded generation plant being developed through the collaborative efforts of Elektron Petroleum Energy and Mining Limited (Elektron Energy) and Eko Electricity Distribution Company (EKEDC). VI Power is the first of its kind in Nigeria with the intention of enhancing the reliability and availability of power supply to credit worthy customers within the area; eliminating the rising cost of power supply from alternative sources, increasing the profitability of businesses within the area and attracting more direct foreign investment into the area.

VI Power is incorporated by Elektron Energy as a special project vehicle (SPV) to develop and finance the 30MW embedded generation plant which will be located at NEPA Close, off Amadu Bello Way in Victoria Island.

VI Power is carrying out electricity network upgrades as the first phase of the 30MW power plant.  This move has improved the availability of power supply to credit worthy off-takers already signed up such as Standard Chartered Bank HQ, Ecobank HQ, Globacom Limited, IHS Towers, Heritage Bank, etc. to a minimum of 80% supply availability per day. The availability of power supply will increase to a minimum of 97% per day when the power plant is completed.

Additionally, Elektron Energy has secured regulatory approvals to finalize engagements for the project with EKEDC and has also secured equity funding for the project among other notable milestones in the project development.

Elektron Energy is in partnership with Eko Electricity Distribution Plc to enhance the reliability and availability of electricity supply to customers in Victoria Island via a dedicated feeder power supply initiative.

Elektron Energy’ dedicated feeder project is a program that begins with upgrading the distribution infrastructure to the identified customers within Victoria Island and its Environs. The dedicated feeders are built with a dedicated circuit breaker and an Automatic Voltage Regulator (AVR) to ensure steady and reliable voltage supply to load centres.

The project has seen the connection of several key customers on Ahmadu Bello Way who are currently energized and received improved power supply with a guaranteed availability to ensure that their energy costs are reduced and allowing the customers focus on the core business operations.

The distribution network through which power is evacuated from the Alausa Power Plant and supplied to the Lagos State Secretariat was built over 20 years ago and operated under the management of the old NEPA/PHCN. As a result, the performance of the network declined due to aging cables, transformers and RMUs which are prone to insulation and breakdown.

Elektron Energy was fully responsible upgrading the distribution network in a bid to reduce faults due to equipment breakdown and improve Alausa IPPs performance generally.

The Oyo State Independent Power Plant project is a project initiated by the newly created Oyo State ministry of Energy and Mineral Resources with a mission to meet the energy needs of the State and its residents.

Elektron Energy was issued the award letter to develop an 11MW hybrid power solution for the Oyo State Government and some of its facilities within its State Secretariat and environs as the preferred bidder for the project having successfully participated in the bidding process for the award of the contract.

The Project is a turnkey solution that involves the construction of a 10MW gas-fired power plant and the installation of a 1MW PV solar system with the plan of serving key Government facilities in Oyo State such as Government Secretariat, Government House, Judicial Houses, Schools, Healthcare Facilities, Water Corporation and Public Lighting among others. In addition to that, Elektron will construct a distribution infrastructure through which power will be evacuated from the IPP to identified load centres.

Ibadan Hybrid Power Limited (IH Power) was incorporated by Elektron Energy as a special project vehicle (SPV) to develop and finance the project, while the distribution infrastructure will be managed through Ibadan Hybrid Distribution Limited, a sister company that will hold the IEDN license.