Isolo set for 24-hour power as LASERC approves 9MW project
Quick Read
Isolo Power Gen Limited has received approval to build a 9-megawatt embedded power plant in Lagos under licences recently issued by the Lagos State Electricity Regulatory Commission.
Isolo Power Gen Limited has received approval to build a 9-megawatt embedded power plant in Lagos under licences recently issued by the Lagos State Electricity Regulatory Commission.
The company was one of 14 firms approved by LASERC, but it was the only company cleared to run a 9MW embedded generation project in this round of approvals.
The power project will be located along Apapa-Oshodi Expressway in Isolo and is expected to provide electricity to Isolo and nearby communities. The aim is to improve electricity supply for homes and businesses in the area.
If the project is completed successfully, residents could enjoy more stable electricity and possibly 24-hour power supply.
Embedded generation allows electricity to be produced and distributed directly within a local area instead of relying completely on the national grid.
The ownership structure of Isolo Power Gen includes Westfield Assets Limited, Camara Exim Limited, Chellarams Plc, and businessman Suresh Chellaram.
LASERC documents also show that about 40 other power projects are still awaiting approval in categories such as embedded generation, captive power, and mini-grids.
Some of the pending projects include:
Alaro Power Free Zone Enterprise – 10MW project in Epe
Takwa Bay Green Power Free Zone Enterprise – 24MW project in Apapa
Geogrid Lightech Ltd – 30MW project in Agidingbi
Irele Energy LFZ Enterprise – 50MW project in Ibeju-Lekki
The growing number of applications shows increasing investor interest in independent and decentralised electricity projects across Lagos, especially in industrial and residential areas.
LASERC was created after the Lagos Electricity Bill 2024 established an independent electricity market for the state. In March 2026, Governor Babajide Sanwo-Olu inaugurated the agency’s board to oversee electricity generation, distribution, and tariffs in Lagos.
The reforms followed the 2023 constitutional amendment that gave Nigerian states the power to regulate their own electricity markets.
Comments