Sahara Power Begins $12 Million Lagos Power Plant Construction to Boost Nigeria's Energy Infrastructure

Sahara Power Enterprise Group (SPEG) has initiated construction on a new 12-megawatt Independent Power Plant (IPP) in Lagos, Nigeria. This $12 million project, located at the Ogba Undertaking of Ikeja Electric Plc, signifies a major investment in strengthening the nation's energy infrastructure and improving the reliability of electricity supply.

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This initiative is about much more than breaking ground for a new power plant. It represents a bold commitment to Nigeria’s energy future and our determination to deliver dependable, efficient, and sustainable electricity to businesses and communities.

The plant, slated for completion in the first quarter of 2027, will feature six 2MW gas-fired generating units. It is designed to deliver dependable and cost-effective electricity to a range of consumers, including industrial clusters, businesses, and residential communities within Ogba, Acme Road, Wemco Road, and surrounding areas.

Kola Adesina, Group Managing Director of SPEG, emphasized the project's significance beyond just a new power plant. He stated that it represents a "bold commitment to Nigeria’s energy future" and a determination to provide sustainable electricity. Adesina highlighted that improved power availability will boost productivity, growth, and value creation, while also noting the facility's adherence to modern environmental, operational, and safety standards.

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Improving the availability and reliability of power will enhance productivity, growth, and value creation.

Ogochukwu Onyelucheya, Acting Chief Executive Officer of Ikeja Electric Plc, welcomed the initiative as a crucial step towards enhancing electricity quality and reliability for customers. She described the IPP as a strategic investment that will support business growth and economic development in the region, underscoring the value of collaboration between investors like SPEG and utility providers.

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At Ikeja Electric, our priority is to partner with forward-looking investors and developers such as SPEG to deliver innovative solutions that improve customer experience and reliable electricity supply across our network.

The construction itself will be managed by Cummins West Africa Limited. Managing Director Mark Oni-Okeke expressed enthusiasm for partnering with Sahara Power to accelerate socio-economic development through sustainable energy solutions. This Ogba IPP is part of SPEG's broader strategy to implement innovative energy projects across Africa.

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SPEG’s investment in this IPP demonstrates the value of strategic collaboration in creating sustainable energy solutions for our customers.