- Isolo Power Gen Limited has secured LASERC approval for a 9MW embedded power project in Lagos
- The project is expected to improve electricity reliability in Isolo and nearby communities
- Residents could potentially enjoy 24/7 electricity supply once the project becomes operational
Residents and businesses in Isolo and nearby communities may soon enjoy more reliable electricity supply after Isolo Power Gen Limited secured approval to develop a 9MW embedded power generation project in Lagos State.
The approval was granted by the Lagos State Electricity Regulatory Commission (LASERC) during its latest licensing round, where 14 operators received licences.
Isolo Power Gen emerged as the only company approved under the embedded generation category for a 9MW project.
The proposed facility, located along Apapa-Oshodi Expressway in Isolo, is expected to strengthen electricity supply within the area and support Lagos State’s drive toward decentralised power generation.
If successfully completed, the project could pave the way for residents in Isolo and surrounding communities to enjoy “24/7 power.”
Under the embedded generation model, electricity will be produced and distributed directly within a local network instead of relying entirely on the national grid.
The approach is designed to improve power reliability for residential areas and industrial clusters.
According to project details, the power plant will operate with a 9MW generation capacity and supply electricity through a localised distribution system serving Isolo and adjoining communities.
Ownership of the company includes Westfield Assets Limited and Camara Exim Limited, both registered in the British Virgin Islands, alongside Chellarams Plc and businessman Suresh Chellaram.
A review of LASERC documents by Nairametrics revealed that nearly 40 other applications are still undergoing regulatory review across embedded generation, captive power, and mini-grid categories.
Some of the notable pending projects include Alaro Power Free Zone Enterprise’s 10MW project in Epe, Takwa Bay Green Power Free Zone Enterprise’s 24MW proposal in Apapa, Geogrid Lightech Ltd’s planned 30MW facility in Agidingbi, and Irele Energy LFZ Enterprise’s proposed 50MW project in Ibeju-Lekki.
The growing number of applications highlights increasing investor interest in decentralised electricity solutions, especially for industrial and residential hubs across Lagos.
LASERC was created under the Lagos Electricity Bill 2024, which established an independent electricity market for the state after replacing the earlier 2018 power sector reform law.
In March 2026, Governor Babajide Sanwo-Olu inaugurated the LASERC board, officially activating state-level regulation of electricity generation, distribution, and tariffs.
The reform followed the 2023 constitutional amendment that empowered Nigerian states to regulate and operate their own electricity markets.
As part of the broader electricity reform initiative, Lagos State also established institutions such as the Lagos State Electrification Agency, Lagos Electrification Fund, Independent System Operator, and a Power Enforcement Unit.
The state government has also signed several Power Purchase Agreements with private developers in a bid to increase electricity generation from less than 60MW to between 200MW and 400MW, while promoting metered electricity delivery and dual power systems for critical infrastructure.
Power generation rises to 4,300MW as FG signals gradual sector recovery
Meanwhile, TheRadar earlier reported that the Federal Government had announced a noticeable increase in electricity generation, with output rising from 3,951 megawatts (MW) to 4,300MW between March 28 and April 10, signalling a gradual recovery in Nigeria’s power sector.
The Special Adviser to the Minister of Power on Strategic Communications and Media Relations, Bolaji Tunji, noted that the steady rise in generation aligns with assurances previously given by the former Minister of Power, Adebayo Adelabu, who had pledged improved electricity supply within a two-week timeframe.