Delta State, associated gas
Ughelli Modular Site
Evidence tier: In developmentCapacity5.5 MW
Power cost$0.042 /kWh
Capex band$18M to 24M
EnergisationQ3 2028
4 of 9 done, next: permits granted in Q3 2027
Projects
What we are building, and how far along it is.
Three projects at three different stages. We publish the milestone position of each rather than describing them all as imminent, because a portfolio you can see the shape of is worth more than three that all claim to be about to start.
Lagos, group-owned gas generation
Lagos AI Compute Pilot
Evidence tier: ModelledCapacity2.0 MW
Power costTo confirm
Capex band$9M to 12M
Energisation2029
1 of 9 done, next: energy source agreed
Location to be confirmed
HPC Research Cluster
Evidence tier: ModelledCapacityTo confirm
Power costTo confirm
Capex bandTo confirm
Energisation2029
0 of 9 done, next: site identified
The milestone ladder
Nine milestones, identical on every project.
Site identified, energy source agreed, land secured, FEED commenced, permits granted, final investment decision, construction start, energisation, commercial operation. Using the same ladder everywhere is what makes the portfolio comparable, including to us.
Capacity tracker
Every megawatt, labelled by how real it is.
Pipeline is not capacity. We show both, with the stage and the evidence behind each figure.
42 MW identified
0 MW energised today5.5 MW
36.5 MW in assessment, modelled
In development
5.5 MW
Evidence tier: In development To be confirmedAs at August 2026. Ughelli phase oneTo be confirmed The split of the identified pipeline between stages is provisional until management confirms it.
As at August 2026. Updated with each model version. Method and sources on the assumptions page. The method