Viathan Engineering

What Viathan Engineering does

Viathan Engineering Limited is a Lagos, Nigeria-based Independent Power Producer founded in 2016 that develops and operates embedded electricity generation capacity under long-term Power Purchase Agreements with subnational government entities. The company is one of three state-licensed IPPs selected under Nigeria's Electricity Act 2023 to scale embedded power generation for Lagos State Government, alongside Mainland Power Limited and Fenchurch Power Limited, with a stated expansion target from under 60MW currently to 200-400MW within two to three years. Revenue is generated through PPA-based recurring electricity sales to government offtakers, with payment structures recently transitioned from legacy take-or-pay and deemed-energy models to metered payments tied to actual electricity delivery.

On the technology side, Viathan Engineering has been validated through the UK PACT-funded Grid Modernization Framework, where it is participating alongside WEC Advisers, Shyft, and Network Nation UK in a tri-party MoU to deploy advanced metering infrastructure, grid automation, and distributed renewable energy integration on two feeders under Kano Electricity Distribution Company (Dr. Jamil and Gaskiya). The company employs 51-100 staff, is led by Group CEO Habeeb Alebiosu, and operates without disclosed parent ownership or institutional capital, positioning itself as a niche infrastructure partner for Nigerian states pursuing subnational electricity market reform.

Name

Viathan Engineering

Legal name

Viathan Engineering Limited

Website

https://viathan-ng.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

51–100 employees

Short description

Viathan Engineering Limited is a Lagos-based Nigerian Independent Power Producer that generates and supplies embedded electricity to state governments under long-term Power Purchase Agreements, with current capacity under 60MW and a scaling target of 200-400MW for Lagos State.

Ownership category

akta.pro rank

Product category

Independent Power Production (Embedded Electricity Generation)

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991), Electric Services (4911)

akta.pro primary industry

Development Management & Owner’s Engineering (Design Basis, Yield, Technical Due Diligence) (EUAMAAAG)

akta.pro secondary industries

Microgrid & Local Distribution Operators (Campus/Base/Industrial Park DSOs) (EUADABAF), Project Finance & Capital Structuring (Debt/Tax Equity/Project Bonds) (EUAMAAAD)

Keywords

• Embedded power generation
• Independent power production
• Power purchase agreements
• Grid modernization services
• Distributed renewable energy

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain

Revenue model

1. Power Purchase Agreements: Viathan Engineering generates revenue through long-term Power Purchase Agreements (PPAs) with state governments. The company sells electricity as an Independent Power Producer (IPP), with payments tied to metered actual electricity delivery. Revenue is recurring based on power generation capacity and delivery, with the new framework eliminating legacy take-or-pay structures in favor of consumption-based payments.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Viathan Engineering Limited operates as an Independent Power Producer (IPP) in Nigeria, generating and supplying embedded electricity to state governments through long-term Power Purchase Agreements (PPAs). The company develops, owns, and operates embedded power generation infrastructure and participates in grid modernization initiatives involving advanced metering, grid automation, and distributed renewable energy integration.

Product overview

Viathan Engineering is an Independent Power Producer (IPP) operating in Nigeria's energy sector. The company provides embedded electricity generation services through Power Purchase Agreements with government entities, notably Lagos State. As one of three IPPs partnered with Lagos State Government (alongside Mainland Power Limited and Fenchurch Power Limited), Viathan Engineering contributes to the state's goal of scaling generation capacity from under 60MW to 200-400MW. The company participates in grid modernization initiatives, including pilot programs for advanced metering and distributed renewable energy integration with the Kano Electricity Distribution Company.

Differentiator

Problem solved

Functional benefit

Products and services

• Embedded Electricity Generation Services
• Grid Modernization and Advanced Metering Services

Quantifiable outcome

• Current capacity under 60MW can scale to 200-400MW within 2-3 years under new PPAs
• +1 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• UK PACT (United Kingdom Partnering for Accelerated Climate Transitions)coreGTM or Marketing Partner · 13 June 2026UK-funded international development program partnering with Viathan Engineering on a Grid Modernization Framework. Viathan is one of the partners (alongside WEC Advisers, Shyft, and Network Nation UK) in a tri-party MoU to deploy a live pilot across two feeders under Kano Electricity Distribution Company, testing advanced metering and grid automation technologies.
• WEC AdviserscoreStrategic or Co-development Partner · 13 June 2026Partner in the UK PACT Grid Modernization Framework tri-party MoU for Kano Electricity Distribution Company pilot. WEC Advisers is collaborating with Viathan Engineering, Shyft, and Network Nation UK to deploy advanced metering and grid automation technologies.
• ShyftcoreTechnology or Integration · 13 June 2026Partner in the UK PACT Grid Modernization Framework tri-party MoU. Shyft is providing technology solutions for the live pilot testing advanced metering and grid automation on Kano Electricity Distribution Company feeders.
• Network Nation UKcoreTechnology or Integration · 13 June 2026Partner in the UK PACT Grid Modernization Framework tri-party MoU. Network Nation UK is contributing to the deployment of advanced metering and grid automation technologies in the Kano Electricity Distribution Company pilot.
• Lagos State GovernmentflagshipOthers · 29 April 2026Viathan Engineering Limited signed Power Purchase Agreements and concession arrangements with Lagos State Government as one of three Independent Power Producers selected to expand embedded electricity generation. This positions Lagos as the first state to fully transition from federal to state-level electricity regulation under Nigeria's Electricity Act 2023, with target capacity scaling from under 60MW to 200-400MW.
• Kano Electricity Distribution CompanycoreOthers · 29 April 2026Host utility for the UK PACT Grid Modernization Framework pilot. Kano Electricity Distribution Company is partnered with Viathan Engineering and other consortium members to test advanced metering on the Dr. Jamil feeder and distributed renewable energy integration on the Gaskiya feeder.

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Globeleq: Globeleq is a UK-based, African-focused power generation developer and operator with operational and development assets across multiple African countries. It offers a broader incumbent benchmark for African IPP project development, financing, and offtake execution relevant to Viathan's scale-up ambitions.
• Niger Delta Power Holding Company (NDPHC): NDPHC is a federal-Nigerian-states vehicle that owns and operates the bulk of the NIPP power plants across Nigeria. As a much larger, federally-influenced incumbent IPP group, it contextualizes Viathan within the broader Nigerian IPP landscape and represents the kind of scaled Nigerian power-generation operator Viathan could evolve toward.

Emerging players

• Starsight Energy: Starsight Energy is a Pan-African commercial and industrial solar IPP delivering distributed generation and energy-as-a-service to African businesses. It is comparable to Viathan as a distributed/embedded power developer in Sub-Saharan Africa targeting high-cost-power off-takers with decentralized generation.
• BBOXX: BBOXX is a UK-based distributed energy company deploying solar home systems and mini-grids across Sub-Saharan Africa. While focused on smaller-scale distributed generation rather than utility-scale embedded power, it is a relevant emerging-player peer addressing African electricity access gaps with similar pay-as-you-go business models.

Direct peers

• Fenchurch Power Limited: Fenchurch Power Limited is the third Lagos IPP signed alongside Viathan Engineering and Mainland Power in the Lagos embedded-power framework. Same regulatory regime, same Lagos State offtake counterparty, same target capacity tier, making it a structurally identical direct peer for capacity share and execution benchmarking.
• PowerGen Renewable Energy: PowerGen builds, owns, and operates distributed renewable energy assets across East and Southern Africa for commercial, industrial, and mini-grid customers. As an African embedded/distributed generation developer, it is highly comparable to Viathan on business model, off-taker type, and project finance approach.
• Mainland Power Limited: Mainland Power Limited is one of the three state-licensed IPPs that signed embedded-power PPAs with the Lagos State Government in 2026 alongside Viathan Engineering. It is the closest direct peer by structure, customer, regulation, and capacity tier, competing for share of the 200–400MW Lagos pipeline.

Regional players

• Geometric Power: Geometric Power is a Nigerian embedded IPP that built and operates the Aba Integrated Power Project in Abia State, with its own embedded generation, distribution, and retail franchise. It is the closest large-scale analog to Viathan's embedded IPP model in Nigeria and demonstrates a precedent for state-level subnational electricity development.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Viathan Engineering