Lagos has moved to strengthen power supply to essential services with the signing of three revised power purchase agreements focused on efficiency and accountability.
Governor Babajide Sanwo-Olu disclosed this via his social media page on Sunday after witnessing the signing ceremony at Lagos House, Marina.
According to the governor, the agreements are designed to build on existing capacity while addressingm longstanding inefficiencies in electricity supply to critical public.e.
“Today at Lagos House, Marina, I witnessed the signing of three power purchase agreements designed to build on existing capacity and address what has not been working,” he stated.
He explained that the agreements involve key power providers, each assignekkm.m..k.k.kkkmd to specific areas and facilities to ensure improved service delivery.
“Fenchurch Power will support our major water facilities in Adiyan and Iju. Mainland Power will continue serving Ikeja, Oshodi and Anthony, with room for expansion.
Viathan will maintain stable power supply to key facilities on the Island as we strengthen its integration with the distribution network,” Sanwo-Olu said.
The governor noted that the agreements had been updated to reflect current market realities, with a major shift toward performance-based payments.
“We have updated these agreements to reflect current market realities. We will no longer pay for power that is not delivered. Payments are now tied to actual, metered supply,” he said.
He added that the new framework is expected to reduce waste and improve cost management for the state.
“This approach will help us reduce waste and manage costs more effectively, while ensuring that value is derived from every unit of power supplied,” he noted.
Sanwo-Olu emphasized that the initiative would translate into more reliable electricity for essential services and create a foundation for future expansion.
“This means more reliable power for public infrastructure, better use of state resources, and a clear path to scale capacity over the next few years,” he said.
The development underscores . State’s broader strategy to enhance energy security, improve service delivery, and support sustainable urban growth through targeted infrastructure investments.
