Fenchurch 26MW Akute plant to power two-thirds of Lagos Water capacity

Fenchurch Group has begun reconstructing the 26-megawatt Akute Independent Power Plant to supply dedicated electricity to major Lagos waterworks, supporting infrastructure expected to account for about two-thirds of the state’s public water production capacity after the completion of Adiyan Phase II. Site work began on September 26 with the decommissioning of the plant’s legacy engines, which the company is replacing with new MWM gas engines, the partners revealed. Fenchurch Power Limited is developing the project, while Aggregate Utilities Limited, its special purpose vehicle, holds the concession under an agreement with the Lagos State Government. The plant will supply the Akute Intake, Iju and Adiyan waterworks, with surplus electricity exported to Ikeja Electric’s network. Zenith Bank is financing the project. Biodun Ogunleye, Lagos Commissioner for Energy and Mineral Resources, said the 26MW capacity reflects the peak electricity requirement of the water infrastructure, while noting that the Akute site could eventually accommodate between 100MW and 200MW. “It is 26 we are saying now, because 26 is your peak load. That location can ultimately scale up to 100, to 200. It just depends on our vision and our dream,” Ogunleye said. Fenchurch plans to deliver the plant in phases, with 10MW expected within four months and the remaining 16MW within 12 months. The company has also indicated that live commissioning is targeted for the first quarter of 2027, subject to project execution. Ogunleye warned against delays, saying contracts with service providers were now strictly performance-based. “The business of electricity … is something we can all do and make money from. The contracts we now have are strictly performance-based.” The Akute plant had been dormant for five years before Lagos State concessioned it to Fenchurch for rehabilitation and upgrade. The state had earlier formalised its partnership with Fenchurch through a power purchase agreement as part of a broader strategy to revive dormant generation assets and bring electricity supply closer to critical demand centres. “Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

Site work began on September 26 with the decommissioning of the plant’s legacy engines, which the company is replacing with new MWM gas engines, the partners revealed. Fenchurch Power Limited is developing the project, while Aggregate Utilities Limited, its special purpose vehicle, holds the concession under an agreement with the Lagos State Government. The plant will supply the Akute Intake, Iju and Adiyan waterworks, with surplus electricity exported to Ikeja Electric’s network. Zenith Bank is financing the project. Biodun Ogunleye, Lagos Commissioner for Energy and Mineral Resources, said the 26MW capacity reflects the peak electricity requirement of the water infrastructure, while noting that the Akute site could eventually accommodate between 100MW and 200MW. “It is 26 we are saying now, because 26 is your peak load. That location can ultimately scale up to 100, to 200. It just depends on our vision and our dream,” Ogunleye said. Fenchurch plans to deliver the plant in phases, with 10MW expected within four months and the remaining 16MW within 12 months. The company has also indicated that live commissioning is targeted for the first quarter of 2027, subject to project execution. Ogunleye warned against delays, saying contracts with service providers were now strictly performance-based. “The business of electricity … is something we can all do and make money from. The contracts we now have are strictly performance-based.” The Akute plant had been dormant for five years before Lagos State concessioned it to Fenchurch for rehabilitation and upgrade. The state had earlier formalised its partnership with Fenchurch through a power purchase agreement as part of a broader strategy to revive dormant generation assets and bring electricity supply closer to critical demand centres. “Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

Fenchurch Power Limited is developing the project, while Aggregate Utilities Limited, its special purpose vehicle, holds the concession under an agreement with the Lagos State Government. The plant will supply the Akute Intake, Iju and Adiyan waterworks, with surplus electricity exported to Ikeja Electric’s network. Zenith Bank is financing the project. Biodun Ogunleye, Lagos Commissioner for Energy and Mineral Resources, said the 26MW capacity reflects the peak electricity requirement of the water infrastructure, while noting that the Akute site could eventually accommodate between 100MW and 200MW. “It is 26 we are saying now, because 26 is your peak load. That location can ultimately scale up to 100, to 200. It just depends on our vision and our dream,” Ogunleye said. Fenchurch plans to deliver the plant in phases, with 10MW expected within four months and the remaining 16MW within 12 months. The company has also indicated that live commissioning is targeted for the first quarter of 2027, subject to project execution. Ogunleye warned against delays, saying contracts with service providers were now strictly performance-based. “The business of electricity … is something we can all do and make money from. The contracts we now have are strictly performance-based.” The Akute plant had been dormant for five years before Lagos State concessioned it to Fenchurch for rehabilitation and upgrade. The state had earlier formalised its partnership with Fenchurch through a power purchase agreement as part of a broader strategy to revive dormant generation assets and bring electricity supply closer to critical demand centres. “Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

The plant will supply the Akute Intake, Iju and Adiyan waterworks, with surplus electricity exported to Ikeja Electric’s network. Zenith Bank is financing the project. Biodun Ogunleye, Lagos Commissioner for Energy and Mineral Resources, said the 26MW capacity reflects the peak electricity requirement of the water infrastructure, while noting that the Akute site could eventually accommodate between 100MW and 200MW. “It is 26 we are saying now, because 26 is your peak load. That location can ultimately scale up to 100, to 200. It just depends on our vision and our dream,” Ogunleye said. Fenchurch plans to deliver the plant in phases, with 10MW expected within four months and the remaining 16MW within 12 months. The company has also indicated that live commissioning is targeted for the first quarter of 2027, subject to project execution. Ogunleye warned against delays, saying contracts with service providers were now strictly performance-based. “The business of electricity … is something we can all do and make money from. The contracts we now have are strictly performance-based.” The Akute plant had been dormant for five years before Lagos State concessioned it to Fenchurch for rehabilitation and upgrade. The state had earlier formalised its partnership with Fenchurch through a power purchase agreement as part of a broader strategy to revive dormant generation assets and bring electricity supply closer to critical demand centres. “Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

Biodun Ogunleye, Lagos Commissioner for Energy and Mineral Resources, said the 26MW capacity reflects the peak electricity requirement of the water infrastructure, while noting that the Akute site could eventually accommodate between 100MW and 200MW. “It is 26 we are saying now, because 26 is your peak load. That location can ultimately scale up to 100, to 200. It just depends on our vision and our dream,” Ogunleye said. Fenchurch plans to deliver the plant in phases, with 10MW expected within four months and the remaining 16MW within 12 months. The company has also indicated that live commissioning is targeted for the first quarter of 2027, subject to project execution. Ogunleye warned against delays, saying contracts with service providers were now strictly performance-based. “The business of electricity … is something we can all do and make money from. The contracts we now have are strictly performance-based.” The Akute plant had been dormant for five years before Lagos State concessioned it to Fenchurch for rehabilitation and upgrade. The state had earlier formalised its partnership with Fenchurch through a power purchase agreement as part of a broader strategy to revive dormant generation assets and bring electricity supply closer to critical demand centres. “Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

“It is 26 we are saying now, because 26 is your peak load. That location can ultimately scale up to 100, to 200. It just depends on our vision and our dream,” Ogunleye said. Fenchurch plans to deliver the plant in phases, with 10MW expected within four months and the remaining 16MW within 12 months. The company has also indicated that live commissioning is targeted for the first quarter of 2027, subject to project execution. Ogunleye warned against delays, saying contracts with service providers were now strictly performance-based. “The business of electricity … is something we can all do and make money from. The contracts we now have are strictly performance-based.” The Akute plant had been dormant for five years before Lagos State concessioned it to Fenchurch for rehabilitation and upgrade. The state had earlier formalised its partnership with Fenchurch through a power purchase agreement as part of a broader strategy to revive dormant generation assets and bring electricity supply closer to critical demand centres. “Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

Fenchurch plans to deliver the plant in phases, with 10MW expected within four months and the remaining 16MW within 12 months. The company has also indicated that live commissioning is targeted for the first quarter of 2027, subject to project execution. Ogunleye warned against delays, saying contracts with service providers were now strictly performance-based. “The business of electricity … is something we can all do and make money from. The contracts we now have are strictly performance-based.” The Akute plant had been dormant for five years before Lagos State concessioned it to Fenchurch for rehabilitation and upgrade. The state had earlier formalised its partnership with Fenchurch through a power purchase agreement as part of a broader strategy to revive dormant generation assets and bring electricity supply closer to critical demand centres. “Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

Ogunleye warned against delays, saying contracts with service providers were now strictly performance-based. “The business of electricity … is something we can all do and make money from. The contracts we now have are strictly performance-based.” The Akute plant had been dormant for five years before Lagos State concessioned it to Fenchurch for rehabilitation and upgrade. The state had earlier formalised its partnership with Fenchurch through a power purchase agreement as part of a broader strategy to revive dormant generation assets and bring electricity supply closer to critical demand centres. “Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

The Akute plant had been dormant for five years before Lagos State concessioned it to Fenchurch for rehabilitation and upgrade. The state had earlier formalised its partnership with Fenchurch through a power purchase agreement as part of a broader strategy to revive dormant generation assets and bring electricity supply closer to critical demand centres. “Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

“Water needs power. Lagos State has invested significantly in its water infrastructure, and our mandate is to keep it running reliably, around the clock,” Olufemi Bakare, Group CEO, Fenchurch Group, said. “This project shows what effective public-private partnership can deliver.” The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

The significance of the project extends beyond electricity generation. Lagos Water Corporation is simultaneously rehabilitating key water infrastructure, including the Iju Headworks and Akute Intake Station, while Adiyan Phase II is expected to add another 70 million gallons per day (MGD) of production capacity. The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share

The Iju and Adiyan waterworks have capacities of 45 MGD and 70 MGD, respectively. With the planned expansion, the facilities dependent on the Akute plant are expected to support about 185 MGD of water production, strengthening supply to an estimated four to six million residents. Related News Eunisell profit rises 31% on increased demand Johnvents woos investors with expanding agribusiness footprint Plateau injects N2.6bn into urban water project Share