Axxela has consistently demonstrated competitive leadership in the Nigerian energy market, and has leveraged the capability of its gas grid to build power generation plants, comprising independent power plants and embedded power plants.
Akute Independent Power Plant
The divested power plant operates a 12.15MW plant for Lagos Water Corporation (LWC). Operations started in 2010, and it was sold in 2016. The facility takes advantage of a 13km natural gas pipeline which delivers natural gas.
The power plant, which had a capital expenditure of US$25.55MM, has helped the Lagos Water Corporation to achieve a 300% increase in its existing capacity utilization. It delivers 24 hours uninterrupted electricity supply to its two main water treatment plants (Head Works) at Iju and Adiyan in Lagos State. It also provides 24-hour power for LWC in Akute. The Akute Power Plant enables LWC to pump over 130 million gallons of water daily, accounting for 80% of the water supply in Lagos State.
Alausa Independent Power Plant
Alausa Power Plant operates a 10.40MW power plant which caters to the power needs of the state secretariat, Alausa and also electrifies Awolowo Road, Ikeja and adjoining streets. Plant operations commenced in 2013 and it was sold to Elektron Petroleum Energy and Mining Limited in 2017.
The Alausa Power Plant provides 24-hour power for the Lagos State Secretariat in Alausa, and significantly reduced energy cost for the Lagos State Government.
Embedded Power Generation Plants
Axxela is also involved in the implementation of power plants through the Light Up Lagos Project and embedded power projects including Eko Embedded – construction of a power plant for Eko Electricity Distribution Company; and Ikeja Embedded – construction of a power plant for Ikeja Electricity Distribution Company. The Ikeja embedded project has a capacity of 40 MW with target customers of large industrial companies located within the Ogba Industrial Area of Ikeja. The Eko embedded project has a capacity of 100 MW with target customers within the Ikoyi axis.