TEMPLARS has advised Viathan, Nigeria’s largest embedded energy solutions provider, on its landmark strategic joint venture with Anergi, a leading Africa-focused power company, for the establishment of Decentralised Energy Limited – a dedicated platform for the development of power and gas infrastructure projects and investing in other bankable projects across the distributed power and gas sectors in Nigeria.

The platform is anchored by seed assets contributed by Viathan, including generation, gas and virtual pipeline assets, alongside initial equity and debt investments from Anergi. It is also supported by a well-established investor base comprising Sango Capital Partners, Synergy Capital Partners, Kuramo Capital Partners, PIPP Energy, Vista Holdings, and InfraCredit, which have collectively deployed or committed more than $100 million towards Viathan’s investment activities.

TEMPLARS advised on key aspects of the transaction, including structuring, asset hive-off and divestiture, documentation, and strategic advisory in connection with the operationalisation of the joint venture.

The new platform is expected to drive improvements in both efficiency and reliability across the power and gas sectors by leveraging the parties’ complementary expertise, combined asset base and capital resources to deliver integrated solutions to a diverse range of end-users spanning manufacturing, agro-processing, healthcare, logistics, data centres and industrial estates.

The TEMPLARS team was led by Partner, Desmond Ogba, with support from Partner, Dayo Okusami; Senior Associates, Temple Ezebuike and Ayodele Ashiata Kadiri; and Associates, Martins Eke, Frances Ehigiamusor and Jumoke Ajide.