Elektron Energy Launches ₦200bn Bond Drive to Power Victoria Island ⚡
Elektron Finance SPV Plc, a funding arm of Elektron Energy Development Strategies Limited, has launched a ₦200bn bond issuance programme and successfully completed its debut ₦4.64bn Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond.
Key Details:
• 15-year bond ️
• Guaranteed by: Infrastructure Credit Guarantee Company Plc ✅
• Credit Rating: AAA (Agusto & Co. & Global Credit Rating Company)
• Purpose: To finance the 30 MW Victoria Island Power Project ⚡️
️ The gas-fired embedded generation plant in Lagos will:
• Feature 3 × 10 MW high-efficiency gas engines by Wärtsilä
• Include a 12.6 km dedicated electricity distribution network
• Serve the Victoria Island commercial district
• Begin commercial operations in 2026 ⏳
MD & Co-CEO, Tola Talabi, said the bond issuance reflects strong investor confidence in Elektron Energy’s ability to deliver sustainable power projects .
Partners & Backers:
Eko Electricity Distribution Co., InfraCredit, ARM-Harith Infrastructure Fund, Nigeria Sovereign Investment Authority, Bank of Industry, FBNQuest Merchant Bank, Stanbic IBTC Infrastructure Fund, and more.
With the distribution network nearly complete and construction underway, this project promises to boost reliable power supply to one of Nigeria’s key economic hubs.
Elektron Finance SPV Plc, a funding arm of Elektron Energy Development Strategies Limited, has launched a ₦200bn bond issuance programme and successfully completed its debut ₦4.64bn Series 1 Senior Guaranteed Fixed Rate Infrastructure Bond.
Key Details:
• 15-year bond ️
• Guaranteed by: Infrastructure Credit Guarantee Company Plc ✅
• Credit Rating: AAA (Agusto & Co. & Global Credit Rating Company)
• Purpose: To finance the 30 MW Victoria Island Power Project ⚡️
️ The gas-fired embedded generation plant in Lagos will:
• Feature 3 × 10 MW high-efficiency gas engines by Wärtsilä
• Include a 12.6 km dedicated electricity distribution network
• Serve the Victoria Island commercial district
• Begin commercial operations in 2026 ⏳
MD & Co-CEO, Tola Talabi, said the bond issuance reflects strong investor confidence in Elektron Energy’s ability to deliver sustainable power projects .
Partners & Backers:
Eko Electricity Distribution Co., InfraCredit, ARM-Harith Infrastructure Fund, Nigeria Sovereign Investment Authority, Bank of Industry, FBNQuest Merchant Bank, Stanbic IBTC Infrastructure Fund, and more.
With the distribution network nearly complete and construction underway, this project promises to boost reliable power supply to one of Nigeria’s key economic hubs.