What Fenchurch Group NG does

Fenchurch Group is a privately-held Nigerian energy and infrastructure conglomerate founded in 2007 and headquartered in Lagos, operating through a portfolio of wholly-owned subsidiaries and joint ventures active across power generation, distribution, advisory, operations and maintenance, and gas infrastructure. Its core operating businesses include Fenchurch Power (developer and operator of Independent Power Plants with underground distribution networks, currently operating assets in Asaba, Ado Ekiti, and Akute totaling 20+ MW), Fenchurch Energy (upstream and midstream energy advisory providing technical due diligence for transactions such as Africa Finance Corporation's acquisition of Pecan Energies AS), Fenchurch Alliance (E-Mobility, FMCG, water, and sanitation infrastructure investments), Zeric Energy (energy and water solutions), Bremen O&M (long-term power plant operations and maintenance services), Gascade (natural gas physical and virtual pipeline solutions), and a joint venture with Jaque-Michelson UK for engineering and technical services. The underlying technology centers on gas-fired and hybrid solar-gas generation paired with proprietary underground distribution networks designed to minimize technical losses, supported by a performance-based power agreement model where payments are tied to actual metered supply.

The group generates revenue through a hybrid of long-term power purchase agreements and concession deals with state governments (Lagos, Ekiti, Delta) and electricity distribution companies (BEDC, Ikeja Electric, Eko Electric), project-based professional services for EPC works (substations, 11kV networks, transformer supply), high-value technical due diligence and advisory mandates for IOCs and development finance institutions (AFC, InfraCredit, Vantage Capital, Fidelity Bank), and recurring operations and maintenance contracts. Pricing is not publicly disclosed and is negotiated on a project basis against capacity, scope, and contractual terms. Customers are predominantly government entities and large enterprises, with go-to-market executed entirely through direct enterprise field sales and relationship-driven business development.

Recent strategic momentum is anchored by the April 2026 Lagos State Government concession and PPA for the Akute IPP expansion from 12MW to 26MW (powering water treatment for over 10 million residents), a 150MW off-take framework agreement signed in 2024 with NDPHC, BEDC, and Faiza Utilities, and a corporate vision to manage an additional 150MW within five years. The group maintains representative offices in Abuja, Zambia, Mauritius, Ghana, and the UK, and is led by founder-CEO Olufemi Bakare, who also chairs the LCCI Power Sectoral Group. The company is privately held, founder-management controlled, with no disclosed external institutional investors or parent company.

Name

Fenchurch Group NG

Legal name

Fenchurch Group

Website

https://fenchurchgroupng.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Fenchurch Group is a privately-held Nigerian energy and infrastructure conglomerate operating through subsidiaries that develop independent power plants, build underground distribution networks, provide technical advisory and EPC services, and deliver operations and maintenance to government, Disco, and large industrial clients.

Ownership category

akta.pro rank

Product category

Independent Power Production

NAICS

Electric Power Generation, Transmission and Distribution (2211), Electric Power Generation (22111), Electric Power Transmission, Control, and Distribution (22112), Fossil Fuel Electric Power Generation (221112)

SIC

Electric Services (4911), Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991), Natural Gas Transmisison & Distribution (4923)

akta.pro primary industry

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)

akta.pro secondary industries

Underground Distribution (Cable, Duct Bank & Vault) EPC (EUAEACAB), Behind-the-Meter Aggregators Acting as DSO (Virtual Power Plant / Community Energy Operators) (EUADABAG), Microgrid & Local Distribution Operators (Campus/Base/Industrial Park DSOs) (EUADABAF)

Keywords

• Independent power generation
• Power distribution networks
• Energy advisory services
• Infrastructure development
• Power plant operations

Headquarters

HQ city

Lagos

HQ country

Nigeria

HQ region

Africa

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Independent Power Plant (IPP) Development and Operations: Development, ownership, and operation of Independent Power Plants providing electricity to residential and industrial clients. Revenue generated through power purchase agreements with government entities, distribution companies, and large commercial customers. Long-term concession arrangements with performance-based payment structures.
2. Power Distribution Network Construction: Engineering, procurement, installation, and commissioning of power distribution infrastructure including substations, underground networks, and overhead distribution systems. Project-based revenue from government contracts and industrial clients.
3. Technical Advisory and Due Diligence Services: Fenchurch Energy provides upstream and midstream energy advisory including technical due diligence, commercial consulting, and project monitoring for oil and gas asset acquisitions and power sector transactions. Revenue from professional service fees.
4. Operations and Maintenance Services: Bremen O&M provides long-term service agreements and operations maintenance for power plants and industrial facilities, including turbine services and equipment maintenance.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Fenchurch Group NG develops, owns, and operates Independent Power Plants (IPPs) and underground power distribution networks across West Africa. The group also delivers technical due diligence, advisory, operations and maintenance, and infrastructure investment services through subsidiaries including Fenchurch Power, Fenchurch Energy, Fenchurch Alliance, Zeric Energy, Bremen O&M, and Gascade.

Product overview

Fenchurch Group NG is an energy and infrastructure focused conglomerate operating as a portfolio of distinct subsidiary companies. The group comprises Fenchurch Power (IPPs and distribution networks), Fenchurch Energy (upstream/midstream advisory), Fenchurch Alliance (strategic infrastructure investments), Zeric Energy (energy and water supply), Bremen O&M (operations and maintenance), and Gascade (gas infrastructure). Fenchurch-Michelson provides engineering design services. The subsidiaries work both independently and collaboratively to deliver comprehensive solutions spanning power generation, distribution, oil and gas advisory, and infrastructure development across West Africa.

Differentiator

Problem solved

Functional benefit

Products and services

• Independent Power Generation (IPP Development)
• Underground Power Distribution Networks
• Energy Technical Due Diligence and Advisory
• Power Plant Operations and Maintenance
• Hybrid Solar-Gas Power Solutions
• Strategic Infrastructure Investment
• Gas Pipeline Infrastructure (Gascade)
• Energy and Water Solutions (Zeric Energy)

Quantifiable outcome

• Akute IPP expansion from 12MW to 26MW serving 10+ million Lagos residents
• +3 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• Lagos State GovernmentcoreStrategic or Co-development Partner · 26 April 2026Landmark Concession and Power Purchase Agreement for Akute IPP expansion from 12MW to 26MW. Aggregate Utilities (Fenchurch affiliate) serves as concessionaire. Project provides dedicated electricity to Adiyan and Iju water treatment facilities serving 10+ million residents.
• Niger Delta Power Holding Company (NDPHC)coreStrategic or Co-development Partner · 1 January 2024150MW off-take framework agreement for power supply to Edo, Delta, and Ondo states through BEDC distribution network. Initial focus areas include Ilaje, Okitipupa, Igbokoda, Irele in Ondo State, Chinese Industrial Cluster, and Benin bypass areas.
• Benin Electricity Distribution Company (BEDC)coreStrategic or Co-development Partner · 1 January 2024Partnership to strengthen last-mile distribution network enabling efficient supply of power from NDPHC's Ogorode IPP to BEDC customers in Ondo, Edo, and Delta states.
• Faiza Utilities LimitedcoreStrategic or Co-development Partner · 1 January 2024Strategic partnership for off-take arrangements and power distribution. Executive Vice Chairman Olufemi Bakare also serves in this capacity.
• Africa Finance Corporation (AFC)coreStrategic or Co-development Partner · 1 January 2024Fenchurch Energy completed technical due diligence services for AFC's acquisition of 100% shares of Pecan Energies AS (formerly Aker Energy AS). AFC has $10.5 billion portfolio across Africa.
• Ekiti State GovernmentcoreStrategic or Co-development PartnerPartnership for 5MW Ekiti IPP providing power to government facilities and supporting the state's goal to establish a knowledge economy hub.
• Rural Electrification Agency (REA)minorStrategic or Co-development PartnerCollaboration to commission solar power projects targeting connection of 12,000 homes in underserved communities.
• Jaque-Michelson UK (Fenchurch-Michelson Joint Venture)coreStrategic or Co-development PartnerJoint venture partnership for Fenchurch-Michelson (West Africa) Limited providing engineering and technical services across oil, gas, and power sectors internationally.
• Consolidated Infrastructure Group (CIG)minorStrategic or Co-development PartnerTechnical due diligence on proposed investment in Nigerian oil and gas company.

Scale indicators10 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• Wartsila Energy / Wartsila Nigeria: Global incumbent supplying gas engines, hybrid power plants, and energy storage with an active Nigerian footprint via agreements with Fenchurch subsidiary Bremen. Comparable as a much larger engineering, equipment, and O&M provider in the same generation technology space.
• Aggreko plc: Global provider of temporary and modular power, industrial generators, and hybrid energy solutions with extensive African operations. Comparable to Fenchurch's industrial customer power offerings as a broader incumbent delivering distributed generation to commercial and industrial clients.
• Mantrac Nigeria (Caterpillar dealer): Authorized Caterpillar dealer supplying diesel and gas generator sets, power solutions, and after-sales services across Nigeria. Comparable to Bremen O&M and Fenchurch Power's industrial generator supply as a broader incumbent power equipment provider in Nigeria.
• Siemens Energy (Nigeria): Global incumbent providing turbines, grid technology, and power plant solutions across Africa. Comparable to Fenchurch's generation and distribution business as a much larger, broader incumbent in the same technology and customer universe.

Direct peers

• Mainstream Energy Solutions: Operates the Kainji and Jebba hydroelectric plants in Nigeria under a concession with the federal government. A direct peer to Fenchurch Power in operating Nigerian generation assets under long-term concessions with government-aligned offtakers.
• North South Power Company: Nigerian IPP that operates the Shiroro hydro power plant and sells electricity to the national grid under a PPA with a Disco. Comparable to Fenchurch as a Nigerian-concessioned IPP serving distribution companies and government offtakers.
• Genesis Energy (Nigeria): Nigerian power sector operator providing embedded generation, gas-to-power, and energy solutions to industrial and commercial clients. Direct peer to Fenchurch Power's gas-fired embedded IPP and dedicated power supply model.
• Cappa & D'Alberto Plc: Nigerian EPC and power infrastructure contractor with a long track record of substation, distribution, and power plant projects for Discos and government. Comparable to Fenchurch's Zeric and Bremen subsidiaries in Nigerian power EPC and infrastructure services.
• PowerGen Africa / ENGIE Energy Access: African-focused distributed energy and mini-grid IPP that develops, owns, and operates renewable and hybrid power solutions for commercial and industrial customers. Direct peer to Fenchurch Power in the sub-Saharan embedded generation and microgrid IPP space.

Regional players

• Symbion Energy: US-headquartered IPP focused on distributed and behind-the-meter power in Africa and Asia, with portfolio of gas and solar hybrid plants. Comparable to Fenchurch as a regional emerging IPP operating hybrid generation assets for industrial and utility customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/fenchurchgroup

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

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 Fenchurch Group NG