Governor Babajide Sanwo-Olu
LAGOS, Nigeria – The Lagos State Government has signed a Power Purchase Agreement (PPA) with three electricity generating companies to strengthen energy supply across the state.
In a statement issued on Sunday by the Special Adviser to the Governor on Print Media, Wale Ajetunmobi, the Commissioner for Energy and Mineral Resources, Abiodun Ogunleye, signed on behalf of the government, while the deal brings together Mainland Power Limited, Akute Independent Power Plant, and new entrant Fenchurch Power Limited—three of the four Independent Power Plants currently operating in Lagos.
Speaking after the signing, Sanwo-Olu urged all parties to honour their commitments and maintain professionalism to ensure the success of the initiative.
“This agreement is about the people and how easily we can solve problems. Let’s keep promises from both sides. When people benefit, it makes life easier. This is the beginning of reforms we are seeing in the energy sector,” he said.
Ogunleye described the agreement as a strategic step to boost power generation and revive dormant assets, noting that the firms’ combined capacity of 60MW could rise to between 200MW and 400MW within two to three years without burdening public finances.
Providing details, the commissioner said Mainland Power Limited operates the Ikeja GRA plant with an installed capacity of 8.8MW and supplies electricity to key infrastructure including Lagos State University Teaching Hospital and other strategic substations.
He added that the Akute Independent Power Plant, now to be managed by Fenchurch Power Limited, is being rehabilitated after five years of inactivity and will supply areas such as the Adiyan Water Works.
On the Island corridor, Viathan Engineering, which manages the Island Power Limited/Peninsula Integrated Power Project, delivers a combined 21MW to critical facilities including Government House, the Deputy Governor’s residence, and major health institutions.
The partners commended the Sanwo-Olu administration for creating an enabling environment for investment in the state’s energy sector.
