Transgrid Enerco Ltd. and Decentralised Energy Ltd. have formed a strategic partnership, backed by InfraCredit, to deploy integrated energy solutions across Lagos State.
The initiative aims to expand generation capacity and reduce outages across key commercial districts in Lagos.
The project will initially cover Marina and Lekki Phase 1, before extending to Ikoyi and Victoria Island.
In a joint statement on Thursday, April 2, 2026, the firms confirmed jointly developing and deploying integrated energy solutions in the state.
The model targets improved reliability through a hybrid grid and embedded generation approach.
The partners will leverage technical, operational and financial strengths to accelerate deployment in underserved areas.
They expect the model to significantly improve service uptime in high-density economic zones affected by frequent outages.
To drive implementation, the partners will establish a Special Purpose Vehicle (SPV) for project delivery and operations.
The SPV will ensure efficient coordination and scalable rollout across all identified locations.
InfraCredit provides credit enhancement to unlock long-term naira financing and attract domestic institutional investment.
The agreement has reached Heads of Terms, laying groundwork for full implementation.
Transgrid Enerco Ltd., a core investor in Eko Electricity Distribution Plc, leads the embedded generation initiative.
Decentralised Energy Ltd. contributes expertise in power generation, gas systems and distribution networks.
Both firms said the partnership reflected a shared commitment to improving electricity supply and system stability.
They added the project would boost business continuity and investor confidence in Nigeria’s commercial hub.
By Yunus Yusuf