Elektron Finance SPV Plc, a funding vehicle established by Elektron Energy Development Strategies Limited (EEDSL), is set to launch a Series 1 N17 billion Senior Guaranteed Fixed Rate Infrastructure Bond, maturing in 2040.
This bond issuance, which forms part of the company’s N200 billion Bond Issuance Programme, marks a significant step in advancing Nigeria’s energy infrastructure and sustainability goals.
The bond proceeds will support the development of a 30-megawatt (MW) gas-fired embedded generation plant in Victoria Island, Lagos, reinforcing Elektron Energy’s commitment to enhancing power generation and distribution across West Africa.