August 3, 2025
Business

Deji Adeleke’s 1,250MW Independent Power Project Nears Completion, Poised to Rank Among Nigeria’s Largest Energy Ventures

In a significant boost to Nigeria’s power sector, the 1,250 megawatts (MW) independent power plant promoted by renowned businessman Dr. Deji Adeleke is now at an advanced stage of completion and is set for formal commissioning in the coming months. The energy project, which stands as one of the largest of its kind in the country’s history, is expected to play a major role in bridging the nation’s long-standing electricity supply gap.

Situated in a strategic location with access to critical transmission infrastructure, the power plant is designed to supply electricity to millions of Nigerians while supporting industrial growth, job creation, and economic expansion. According to stakeholders familiar with the project, the facility is being developed with modern generation technology to ensure efficiency, reliability, and environmental sustainability.

The initiative, backed by Pacific Energy—a power generation company chaired by Dr. Adeleke—marks a bold statement in private sector-led infrastructure investment. It reflects a growing confidence in Nigeria’s energy sector, particularly amid ongoing reforms aimed at liberalizing the power industry and attracting non-governmental participation.

Once operational, the plant will significantly increase Nigeria’s available generation capacity and support the national grid with stable electricity, helping to reduce the country’s dependency on aging power infrastructure and address the frequent outages that have hampered development for decades.

Dr. Adeleke, a well-respected industrialist and philanthropist, has long advocated for sustainable development through private investment in key sectors. His latest venture is expected to not only enhance energy access but also contribute meaningfully to Nigeria’s broader economic agenda by supporting industrial zones, boosting manufacturing, and enabling digital infrastructure.

Industry analysts have described the project as a game-changer, noting that its successful completion will send a strong signal to local and foreign investors about the viability of large-scale power projects in Nigeria, provided the regulatory and investment environment remains stable and transparent.

As the country continues to battle with a national grid that generates far below the estimated 30,000MW required for a population of over 200 million people, the entry of a project of this magnitude is widely seen as a timely intervention.

The upcoming commissioning of the Deji Adeleke-led 1,250MW power plant underscores the critical role the private sector can play in delivering essential infrastructure and powering Nigeria’s journey towards energy security and industrial self-reliance.