A new player has entered Nigeria’s energy sector with the official launch of Decentralised Energy Limited (DEL), a company established to develop decentralised power and gas infrastructure across the country.
DEL secured $10 million in equity financing from Anergi Group and ₦8.5 billion in debt facilities to support its initial operations and growth plans.
The company was founded by Anergi in partnership with Viathan, Nigeria’s largest embedded energy solutions provider. DEL will function as a dedicated growth platform focused on developing power and gas projects directly while also investing in other viable opportunities within the distributed energy and gas sector.
The initiative is backed by a strong investor consortium that includes Sango Capital Partners, Synergy Capital Partners, Kuramo Capital Partners, PIPP Energy, Vista Holdings, and InfraCredit. Over the past decade, this investor group has committed more than $100 million to Viathan.
Commenting on the launch, Ms. Maria Stratonova, CEO of Anergi Holdings, said:
“Anergi is pleased to support the launch of Decentralised Energy Limited. The opportunity for decentralised power and gas infrastructure in Nigeria is expanding, supported by stronger industrial demand, reforms in the gas value chain, and improving macroeconomic conditions. These developments create a solid environment for platforms that can deliver reliable, cost-efficient energy solutions at scale.
“DEL is well positioned to contribute meaningfully in this context. The company brings operational experience, a strong asset base, and a leadership team with a proven track record in decentralised energy. We have confidence in their ability to execute effectively and respond to evolving market needs. As Nigeria advances its energy transition and strengthens private-sector participation, we look forward to working with the team as they implement their strategy and support improved energy reliability for businesses and communities.”
Mr. Lekan Adeke, CEO of Viathan, added:
“Viathan enables lives by providing cleaner, more reliable energy solutions. Our investment in Decentralised Energy Limited (DEL) underscores our commitment to accelerating the deployment of embedded power, private networks, and gas-to-power infrastructure that directly improves productivity and quality of life for businesses and communities.”
DEL is led by Habeeb Alebiosu, co-founder of Viathan, who serves as its Chief Executive Officer. The leadership team brings a combined 70 years of experience in designing, building, financing, and operating decentralised energy assets in Nigeria.
The company launches with an initial portfolio of seed assets, including generation, distribution, and virtual pipeline infrastructure serving commercial, industrial, and wholesale residential customers. This gives DEL immediate operational capability from day one.
Speaking on the company’s vision, Habeeb Alebiosu, CEO of Decentralised Energy, stated:
“Our vision is to provide cleaner, uninterrupted power as a daily reality throughout Nigeria and West Africa. Despite having abundant energy resources, Nigeria needs to address structural bottlenecks and requires improved infrastructure to deliver reliable energy to the industries and communities that need it. DEL was established to bridge this infrastructure gap. Over the medium to long term, as we focus on channelling capital and talent towards achieving this vision, you can expect that we will be making energy flow to everywhere it is needed.”
Anergi Group, an energy platform of the Harith Group, is a strategic investor with a track record of funding and developing over 1,400 MW of power projects across Africa. Its notable investments include a significant stake in Nigeria’s Azura-Edo Independent Power Project, the 310 MW Lake Turkana Wind Farm in Kenya, the 360 MW Kelvin Power Plant in South Africa, and the 200 MW Twin City Energy project in Ghana.
As Nigeria pursues its Decade of Gas initiative and Energy Transition Plan, decentralised energy infrastructure is expected to play a critical role in enhancing industrial power reliability and supporting broader economic growth. DEL’s projects are positioned to serve key sectors including manufacturing, agro-processing, healthcare, logistics, data centres, and industrial estates, helping reduce dependence on diesel generators and delivering long-term cost stability for businesses.
With fresh capital and a highly experienced management team, Decentralised Energy Limited aims to strengthen Nigeria’s energy infrastructure foundations, drive industrial productivity, attract further investment, and contribute to the country’s long-term economic resilience.
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