Emergent Power Development Co. Ltd. plans to install 15 gas-powered electricity plants totaling 35MW each in Lagos State, Nigeria over 45 months at a cost of $750 million. The project is a public-private partnership between Lagos State Government (15% ownership) and private investors (85% ownership). Emergent Power will manage development and project management activities including feasibility studies, permitting, procurement, construction, commissioning, and handover. Financing will come from equity investments and debt financing. Upon completion, Eko and Ikeja DISCOs will purchase the electricity generated from the plants.