Abuja DisCo, Transafam Power sign MoU to deliver 50MW

The Abuja Electricity Distribution Company (AEDC) and Transafam Power have signed a Memorandum of Understanding (MoU) to provide 50 megawatts of embedded power to the Idu commercial hub in Abuja.

The MoU was signed In Abuja during the week by Acting Managing Director of AEDC, Mr. Chijioke Okwuokenye and the Managing Director of Transafam Power Ltd, Mr. Vincent Ozoude.

Okwuokenye stated that the MoU fulfils the Nigerian Electricity Regulatory Commission (NERC) requirement for AEDC to supply 82 percent of embedded power generation, ensuring a reliable and consistent power supply to the Idu Cluster.

According to him, the deal further demonstrates AEDC’s transformation agenda of entering power generation and reducing reliance on the grid.

“This will significantly advance AEDC’s mission of providing stable and dependable electricity in the Federal Capital Territory (FCT).

“The partnership demonstrates the strategy of Transafam, a leading power generator and subsidiary of Nigeria’s largest, listed conglomerate and Transcorp Group, to further expand its power portfolio, to provide on-grid and embedded generation.  

“The investment is further evidence of the turnaround strategy following Transcorp’s acquisition of 60 percent of AEDC,” he said.

The development comes three days after AEDC made key leadership changes with the appointment of  Okwuokenye as the company’s new acting managing director.