Elektron Energy welcomed the leadership of the Lagos State Electricity Regulatory Commission to its 40-megawatt Victoria Island Power Plant on Thursday, using the site visit to underscore its pledge to deliver stable, high-quality electricity to one of Nigeria’s busiest commercial districts.
The inspection drew regulators, developers and engineers to the project site as Lagos State pushes ahead with efforts to modernise its power infrastructure and cut down on the outages that have long frustrated businesses on the island.
Temitope George, chief executive officer of LASERC led the delegation, which included Adekunle Olabode and Adetunji Adesanya.
They were received by Elektron Energy’s Nicholas Abolo Tedi and Oladipo Ogunniyi, alongside Mr. Mika Gummerus, site manager for Wärtsilä, the Finnish engineering group serving as the project’s EPC contractor.
“We are not just building a power plant — we are building trust with the regulator and the community we intend to serve,” Tedi told the delegation during a walkthrough of the facility. “Every milestone we hit here is a milestone toward putting an end to the power gaps that have held back businesses on Victoria Island for years.”
The tour covered construction progress, near-term milestones and the plant’s operational readiness, giving regulators a firsthand look at a project that Lagos State has positioned as central to its broader electricity market reforms.
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“What we’ve seen today reflects the kind of discipline and technical rigor that gives us confidence in this project,” George said, according to a statement from the company.
“LASERC’s role is to ensure that as Lagos opens its power sector to private investment, that investment translates into real, measurable improvements for residents and businesses. This plant is a strong example of that alignment.”
Olabode, who focused much of his inspection on compliance and safety protocols, said the facility’s progress reflected favourably on the broader push to bring private capital into Lagos’s electricity market. “Compliance is not a formality for us — it is the foundation for a market Lagosians can trust,” he said. “What we observed here today meets that standard.”
For Wärtsilä’s Gummerus, the visit offered a chance to speak to the engineering fundamentals behind the project.
“A plant of this scale has to be built to run reliably from day one — not just at commissioning, but for the decades that follow,” he said. “That’s the standard we’re building to here.”
Ogunniyi, addressing the delegation on behalf of Elektron’s engineering team, pointed to the plant’s design as evidence of its readiness to integrate into the state’s grid once operational.
“Every system on this site, from generation to interconnection, is being built with reliability as the first requirement, not an afterthought,” he said.
Lagos State has positioned the Victoria Island Power Plant as a flagship of its strategy to draw private investment into power generation and distribution, an approach regulators say is essential to closing the gap between electricity demand and supply in the state’s commercial core.
Victoria Island, home to corporate headquarters, banks and a dense residential population, has historically relied on a patchwork of grid power and diesel generation to keep businesses running.
Once completed, the 40-megawatt facility is expected to feed directly into efforts to stabilize supply across the island, reducing dependence on backup generation and supporting what officials describe as a more resilient, investment-friendly power market in Lagos.
The visit closed with officials from both sides pointing to the project as a model for how regulators and private developers can work in tandem.
“This is what collaboration between government and the private sector should look like,” George said. “We intend to keep this level of engagement going until this plant is delivering power to Victoria Island.”
Tedi echoed that sentiment in his closing remarks to the delegation. ”
We see LASERC not as an overseer standing at a distance, but as a partner in getting this right,” he said. “Reliable power for Victoria Island is the shared goal, and today’s visit is proof that we’re working toward it together.”
Elektron Energy said the plant remains on track toward completion and commissioning, with further regulatory engagements expected as the project advances toward full operation.
