North South Power has committed 5 MW from its 600 MW Shiroro hydroelectric concession, contingent on a signed anchor tenant. The tenant is the single unlock: a signed tenancy converts the power commitment, and the project moves.
The search area is defined within the Eko distribution franchise, which serves southern Lagos and the Agbara industrial area of Ogun State, and is restricted to locations already connected to the national grid: an existing building to retrofit, or a purpose-built shell designed with the tenant.
We are putting creditworthy load on the connected grid deliberately. Years of underinvestment and unreliable revenue have left Nigeria's networks under-reinforced, and a long-tenor, creditworthy tenant is the kind of demand that justifies reinforcement. Each operating site strengthens the case for the next.
The design is modular from the outset: one documented electrical, cooling and control specification, so the second site is a procurement exercise rather than a new project. Site details are shared under a non-disclosure agreement.