Tetracore Energy Commences Power Generation and Distribution from Atakobo IPP
Tetracore Energy Group, through its subsidiary Tetracore Power Company Limited, has officially announced the successful commencement of power generation and distribution from Phase I of its 100MW Atakobo Independent Power Generation and Distribution System (Atakobo IPP). This significant milestone marks the transition of the Atakobo IPP from the development phase into active generation, distribution, and commercial operations, further highlighting Tetracore Energy's growing execution capabilities across the entire gas-to-power value chain.
The company also confirmed the signing of Power Purchase Agreements (PPAs) with industrial offtakers, with power supply already being delivered under established commercial arrangements. This development represents a major advancement in Tetracore Energy's strategy to develop scalable and integrated energy infrastructure capable of supporting industrial growth and improving energy reliability within Nigeria.
Strategic Asset for Industrial Growth
The Atakobo IPP is a strategic asset within the Tetracore Energy Group's broader integrated energy platform, designed to provide reliable, scalable, and sustainable power solutions to industrial and commercial clusters. Phase I of the project currently delivers 20MW of power, with a defined expansion pathway to reach a total capacity of 100MW. The project is supported by approximately 80 kilometers of 33kV transmission and distribution infrastructure, including secured Right of Way (ROW) corridors to facilitate efficient power evacuation and distribution across the Ijebu Ode–Ijebu-Itele industrial axis in Ogun State.
Leadership Commentary
Commenting on the development, the President and CEO of Tetracore Energy Group, Olakunle Williams, stated: "The commencement of generation and distribution from the Atakobo IPP represents another important milestone in our commitment to strengthening Nigeria's industrial and energy infrastructure. Sustainable industrial growth requires reliable power, and through integrated energy projects such as Atakobo, we are creating scalable solutions capable of supporting long-term economic development."
Future Plans
With operations now underway, the company is focused on increasing capacity utilization, expanding its industrial customer base, and accelerating the broader development of the Atakobo Energy Park as a hub for integrated gas and power solutions. This initiative is expected to contribute significantly to the economic development of the region and Nigeria at large.
