The Federal Government on Wednesday threatened to revoke the licences of power distribution companies (DisCos) over the incessant power shortage nationwide. The Minister of Power, Adebayo Adelabu, in a statement pointed out that government was concerned about the lingering inadequate electricity distribution by the Discos, especially when the power generation companies (GenCos) had recently increased […]
The Chief Executive Officer of Transcorp Group, Owen Omogiafo, has announced moves by the group’s management to add 2,000 megawatts to the nation’s grid before the end of this year. Omogiafo, who made this disclosure during a media briefing noted the previous challenges with gas and transmission but highlighted the impressive improvement recorded in Transcorp’s […]
A group of investors led by Transcorp Power Limited has acquired a 60% stake in Abuja Electricity Distribution Company (AEDC) as part of their investment drives to increase their franchise in the nation’s power sector Information on the deal indicated that the current MD/CEO of Transcorp Power Limited, Christopher Ezeafulukwe, would immediately take over as […]
The National Council of Privatisation (NCP) has announced Transcorp Group as the preferred bidder of the Abuja electricity distribution company (AEDC). The Vice President, Prof. Yemi Osinbajo, gave this hint on Tuesday in Port Harcourt, Rivers State, while commissioning the Afam 3-Fast Power Plant. The Vice President, who is also the Chairman of the NCP, […]
Electricity distribution companies (DisCos) on Monday alerted electricity consumers in the country of power blackout in their franchise areas following the collapse of the national grid. The latest national grid collapse is about the eighth time the incident had been recorded in the country in the past few months. According to the notices by the […]
Abuja Electricity Distribution Company (AEDC) has attributed the erratic electricity supply in its franchise areas to low power generation from the national grid and pleaded with customers to bear with the drop in power supply over the past weeks. The electricity distribution company’s Chief Marketing Officer, Mr. Donald Etim, in a statement issued in on […]
The Bureau of Public Enterprises (BPE) has announced members of the interim management team for the crisis-ridden Abuja Electricity Distribution Company (AEDC) Plc. The members of the interim management team are, Interim Managing Director, Bada Akinwumi; Interim Chief Business Officer, Sani Usman; Interim Chief Finance Officer, Babajide Ibironke; Interim Chief Marketing Officer, Donald Etim; and […]
Abuja Electricity Distribution Company (AEDC) has commenced the installation of 222,728 meters in the Federal Capital Territory (FCT) Kogi, Nasarawa, Niger and Kogi states. The installation of 222,728 meters, which began at CITEC Estate in the FCT, is the second phase of the mass metering project of the company. It would be recalled that the […]