Firms to support Lagos with reliable electricity
Transgrid Enerco Limited (“Transgrid”) and Decentralised Energy Limited (“DEL”), an investee company of the Anergi Group and Viathan Group, have entered into a strategic collaboration agreement to jointly develop and deploy integrated energy solutions in Lagos State. Backed by InfraCredit’s credit enhancement facility, the initiative aims to expand generation capacity, reduce service downtime, and improve […]
L-R: Managing Director/Chief Executive Officer, InfraCredit, Mr Chinua Azubike; Chief Executive Officer, Decentralised Energy Limited, Mr Habeeb Alebiosu; Lagos State Commissioner for Energy and Mineral Resources, Mr Biodun Ogunleye; Chairman, Transgrid Enerco, Engr (Dr) Olubunmi Peters; and Group Managing Director/Chief Executive Officer, Transgrid Enerco, Mr Kolapo Joseph, during the signing of a strategic partnership to deploy integrated energy solutions in Lagos… on Wednesday. Source: Transgrid
Transgrid Enerco Limited (“Transgrid”) and Decentralised Energy Limited (“DEL”), an investee company of the Anergi Group and Viathan Group, have entered into a strategic collaboration agreement to jointly develop and deploy integrated energy solutions in Lagos State.
Backed by InfraCredit’s credit enhancement facility, the initiative aims to expand generation capacity, reduce service downtime, and improve electricity supply reliability across key areas in Lagos State.
The partnership is focused on expanding available embedded generation capacity and significantly reducing service downtime through a coordinated approach that combines grid supply with embedded generation and supporting infrastructure.
Transgrid and DEL bring their collective experience by pulling together assets and resources, targeted at deploying embedded solutions across identified areas within Lagos.
As part of the collaboration, both parties will incorporate a project Special Purpose Vehicle (SPV) to drive project development, delivery, and long-term operations.
This structure will enable focused execution, efficient coordination, and scalable implementation across identified locations.
InfraCredit is supporting the parties and the project through its credit enhancement solutions, enabling access to long-term local currency financing across the power value chain.
The project will initially focus on Marina and Lekki Phase 1 and extend to other areas such as Ikoyi and Victoria Island, with potential expansion into additional areas over time.
Transgrid and DEL have now entered a Heads of Terms to formalise and set the stage for the implementation of the project for the ultimate benefit of Lagosians.