Isolo Residents Set for 24/7 Electricity as Isolo Power Gen Secures LASERC Licence

24-Hour Power Supply Planned for Isolo Following LASERC Approval

Residents and businesses in Isolo and surrounding communities in Lagos State may soon benefit from significantly improved electricity supply following the approval of a 9MW embedded power generation project by the Lagos State Electricity Regulatory Commission (LASERC).

The approval was granted to Isolo Power Gen Limited as part of Lagos State’s latest electricity licensing round aimed at expanding decentralised power infrastructure and improving electricity reliability across industrial and residential corridors. According to LASERC, the company emerged as the only operator approved under the embedded generation category during the current licensing phase.

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The development represents another major step in Lagos State’s broader electricity market reform programme, which seeks to reduce dependence on the national grid through embedded generation, mini-grid systems, and private sector-led electricity distribution.

9MW Embedded Power Project to Serve Isolo Corridor

According to regulatory documents reviewed by Nairametrics, the embedded generation facility will be located along the Apapa-Oshodi Expressway in Isolo and is expected to supply electricity directly to Isolo and adjoining communities through a localised distribution network.

The project is structured under an embedded generation model, which allows electricity to be generated and distributed within a designated local network rather than relying solely on Nigeria’s central transmission grid. Industry experts say this approach can improve power reliability, reduce transmission losses, and minimise grid disruptions in densely populated commercial areas.

If fully implemented, the initiative could support near-continuous electricity supply for residents and businesses operating within the Isolo axis, a major commercial and industrial hub in Lagos.

Ownership Structure Reflects Private Sector Participation

The ownership structure of Isolo Power Gen Limited includes Westfield Assets Limited, Camara Exim Limited, Chellarams Plc, and businessman Suresh Chellaram.

The project reflects increasing private sector interest in decentralised electricity infrastructure following reforms introduced under Lagos State’s independent electricity market framework.

Analysts note that investor participation in embedded generation and mini-grid projects has accelerated in recent months due to regulatory changes allowing states to regulate electricity generation and distribution independently of the national framework.

Lagos Electricity Reform Gains Momentum

The latest approval follows the establishment of LASERC under the Lagos Electricity Law 2024, which created an independent electricity market for Lagos State and replaced the earlier 2018 electricity reform legislation.

Governor Babajide Sanwo-Olu formally inaugurated the LASERC board in March 2026, activating the commission’s authority to regulate electricity generation, distribution, tariffs, and market operations within the state.

The reforms were enabled by the 2023 constitutional amendment granting Nigerian states authority to establish and regulate independent electricity markets. Lagos subsequently established several supporting institutions, including the Lagos State Electrification Agency, Lagos Electrification Fund, Independent System Operator, and a dedicated Power Enforcement Unit.

More Electricity Projects Await Approval

A review of LASERC regulatory documents shows that approximately 40 additional electricity projects are currently undergoing approval processes across embedded generation, captive power, and mini-grid categories.

Among the pending projects are:

• Alaro Power Free Zone Enterprise’s proposed 10MW facility in Epe

• Takwa Bay Green Power Free Zone Enterprise’s planned 24MW project in Apapa

• Geogrid Lightech Ltd’s proposed 30MW facility in Agidingbi

• Irele Energy LFZ Enterprise’s planned 50MW project in Ibeju-Lekki

The pipeline highlights growing investor confidence in decentralised electricity systems, particularly in industrial clusters and high-demand urban corridors where stable power remains critical for productivity and economic growth.

Lagos Targets Improved Electricity Access

The Isolo embedded generation project aligns with Lagos State’s broader target of significantly improving electricity availability and reducing dependence on diesel-powered self-generation across businesses and households.

LASERC previously disclosed plans to establish multiple pilot franchise zones capable of delivering uninterrupted 24-hour electricity supply by late 2026. The commission also aims to achieve 97.5% electricity availability across Lagos by 2030 while reducing system losses below 10%.

In addition, Lagos State has signed multiple Power Purchase Agreements (PPAs) with private developers as part of efforts to increase generation capacity from below 60MW to between 200MW and 400MW in the coming years.

Implications for Businesses and Urban Development

Reliable electricity remains one of the most critical infrastructure requirements for Lagos’ commercial and industrial economy. Businesses across manufacturing, logistics, retail, hospitality, and real estate sectors continue to face high operational costs linked to fuel-powered electricity generation.

Analysts argue that embedded generation projects such as the Isolo initiative could help reduce energy costs, improve business efficiency, and support industrial productivity within Lagos’ major commercial corridors.

The project may also positively impact real estate values and commercial activity in Isolo and neighbouring districts by improving infrastructure reliability and reducing dependence on backup generators.

The approval granted to Isolo Power Gen Limited marks another important milestone in Lagos State’s evolving electricity reform programme. Through embedded generation and decentralised power systems, the state aims to improve electricity reliability, attract private investment, and support economic growth across residential and industrial communities.

If successfully implemented, the 9MW Isolo project could become one of the first major examples of Lagos’ transition toward a more localised, investment-driven electricity market capable of delivering near-continuous power supply outside the traditional national grid framework.

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