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Isolo Power Gen Limited has secured approval to develop a 9MW embedded power generation project in Lagos State under the latest licensing round issued by the Lagos State Electricity Regulatory Commission (LASERC).

The company is one of 14 licensees recently approved by LASERC, but the only operator cleared under the embedded generation category for a 9MW project in this round.

The facility will serve Isolo and the surrounding areas, supporting Lagos State’s ongoing push to decentralise electricity supply and improve power reliability across industrial and residential corridors.

If completed, residents in the surrounding areas could enjoy 24/7 power.

Isolo Power Gen will develop the 9MW embedded generation facility along 110/114 Apapa-Oshodi Expressway, Isolo, Lagos.

Ownership includes Westfield Assets Limited (British Virgin Islands), Camara Exim Limited (British Virgin Islands), Chellarams Plc, and Suresh Chellaram.

A Nairametrics review of LASERC documents shows about 40 additional applications are still undergoing approval processes across embedded generation, captive power, and mini-grid categories.

Notable pending embedded generation projects include:

The pipeline highlights growing investor interest in decentralised power solutions, particularly for industrial clusters across Lagos.

The Lagos State Electricity Regulatory Commission (LASERC) was established following the Lagos Electricity Bill 2024, which replaced the 2018 power sector reform law and created an independent state electricity market.

In March 2026, Governor Babajide Sanwo-Olu inaugurated the LASERC board, formally activating regulatory oversight of generation, distribution, and tariffs in the state.

Separately, Lagos recently signed Power Purchase Agreements with multiple private developers to scale generation capacity from below 60MW to between 200MW and 400MW, while shifting toward metered delivery models and dual power systems for critical infrastructure.