Genesis Energy Bags Two Awards at Lagos Energy Summit for Power Development

Genesis Energy Holdings (GENESIS), a top clean energy company in Africa, has received two awards at the 2026 Lagos Energy Summit. The event took place on Tuesday, 10 November 2026, at the Landmark Event Centre, Lagos. The Lagos State Ministry of Energy and Mineral Resources organized the summit under the theme, "Lagos Energy Evolution: Transforming the Future."

The awards were given on the first day of the summit. GENESIS won the "Most Impactful Project (Power) Award" and the "Excellence in Energy, Summit Partner Appreciation Award." Hon Sabur Akanbi Oluwa, the Chairman of the Lagos State House of Assembly Committee on Energy and Mineral Resources, presented the first award. Hon. Biodun Ogunleye, the Commissioner for Energy and Mineral Resources in Lagos State, presented the second award.

These awards highlight Genesis Energy Holdings' dedication to improving electricity supply and developing important power infrastructure. The company aims to transform Lagos State's energy sector with strategic investments and partnerships. Through its subsidiary, GELMAK Power Solutions Ltd, GENESIS runs the Banana Island Local Grid Project in Ikoyi, Lagos. This project provides reliable electricity to both homes and businesses.

The Banana Island project helps reduce reliance on costly and polluting diesel and heavy fuel oil (HFO) generators. It currently boasts about 99% uptime. Recently, the infrastructure capacity increased from 15MVA to 30MVA after expanding the substation. This upgrade enables the project to meet the rising electricity needs of the community.

Expanding Power Infrastructure
To further its goal of expanding electricity access across Lagos State, GENESIS is working on Project Echo. This project is a 260MW gas-powered initiative in Ikorodu, developed in partnership with the Lagos State Government under the CLEM initiative. The Lagos State Market Operator will purchase the electricity generated. The project aims to provide reliable, grid-connected power and improve supply in Ikorodu, boosting the local economy and supporting development.

CEO's Remarks on the Awards
Mr Akinwole II Omoboriowo, the Chairman and CEO of Genesis Energy, shared his thoughts on the awards. He said, "We want to extend our gratitude to Lagos State for giving us the opportunity to serve. We are most grateful for this recognition, which, for us, is both an honour and a call to action, a call to invest more. The business of energy is a very serious affair. Without energy, there can be no life. For us at GENESIS, it is not just a business; it is a lifelong commitment to uplifting our country and our continent, with Lagos State being at the forefront of that commitment."

These investments also align with Lagos State’s electricity sector reform agenda. This agenda includes the goals of the Lagos State Electricity Law 2024, which aims to create a competitive and viable electricity market. Since its start in 2005, Genesis Energy Holdings has financed clean energy projects across Africa, operating in 11 countries.

The company uses various technologies like solar, battery storage, natural gas, wind, and hydro to create reliable energy systems for businesses and communities. In Nigeria, its projects include an 84MW gas power plant at the Port Harcourt Refinery Complex, which is one of the largest private off-grid power plants in the country, and the NIDI project in Kano. In 2025, the Group increased its involvement in Nigeria with a $500 million agreement with the Katsina State Government for major energy projects.

With the vision to "Light Up Africa One Community at a Time," GENESIS is committed to building reliable and affordable energy systems. The company aims to meet the continent's growing energy needs through investments, innovative technologies, and partnerships with governments and the private sector.