NDPHC, EKEDC Sign Pact To Boost Power Supply In Lagos


The Niger Delta Power Holding Company (NDPHC) Ltd. on Tuesday in Lagos signed an agreement with Eko Electricity Distribution Company Plc (EKEDC) to deliver 300 mega watts of power to Ibeju-Lekki and other franchise area in Lagos State.

A statement by the Head, Communication & Public Relations, NDPHC, Olufunke Nwankwo said, the agreement which was sealed in the presence of Lagos State Governor, Mr. Babajide Sanwo-Olu would see NDPHC supply electricity directly to Eko DisCo from existing capacity.

Speaking at the event, the Managing Director of NDPHC, Mr. Chiedu Ugbo said the agreement is part of NDPHC strategic plan to source alternative means to sell and ensure dispatch of its stranded power.

Ugbo noted that the deal also allows the EKEDC to explore innovative ways to unlock investment in infrastructure for improved supply to its customers.

He pointed out that “the recognition of these complementary objectives has birthed the relationship between NDPHC and EKEDC that we are formally kicking off today. Our mutual objective is to work together to deliver the arrangements that will ensure safe, reliable and steady supply of power to customers in Ibeju-Lekki and other parts of EKEDC’s franchise area.

“This collaboration is significant considering the strategic importance of Lagos State as Nigeria’s commercial capital and host state for key industries in Nigeria. It is also for this reason that we are pleased to be signing this document in the presence of Mr. Governor, who is himself a key member of NDPHC’s Board of Directors, and whose State, Lagos, is one of our shareholders.

At the center is Babajide Sanwo-Olu Executive Governor, Lagos state, to his right is Chiedu Ugbo, MD/CEO, NDPHC, to his left is Engr. Adeoye Fabiyi, MD/CEO, EKEDC. L-R is Chukwubuike Onwuzurumba, Transaction Adviser NDPHC, Engr. Olalere Odusote, Lagos State Commissioner for Energy & Mineral Resources, Mohammed Mahmud, ED Lagal Services NDPHC. R-L is Sola Arifayan, Transaction Adviser NDPHC, George Etomi, Director EKEDC, Dere Otubu, Director, EKEDC.

“We look forward to carrying out this collaboration with the support of the Lagos State Government, and we believe that the collaboration will support the attainment of the infrastructure development and economic policies of the state government”, he said.

The NDPHC boss observed that “This project is indeed a milestone for both parties and will deliver significant benefits to all the persons concerned. For NDPHC, the project will enable NDPHC, through its subsidiary generation companies, to deliver power to customers within EKEDC’s franchise areas.

“For EKEDC, the project will help to satisfy its customers with reliable power and achieve an enhancement of its network and infrastructure. For EKEDC’s customers, their homes and industries can now enjoy reliable 24/7 power supply. For EKEDC’s investors and NDPHC’s shareholders – trustees of the Nigerian people – this project will deliver significant value”, he added.

He thanked Gov. Sanwo-Olu, other officials of the Lagos State Government, EKEDC team, staff of NDPHC and its subsidiary generating companies, and Transaction Adviser, Electric Utilities, for the efforts made to see to the success of the project.

Like it? Share with your friends!


What's Your Reaction?

hate hate
confused confused
fail fail
fun fun
geeky geeky
love love
lol lol
omg omg
win win


Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Choose A Format
Personality quiz
Series of questions that intends to reveal something about the personality
Trivia quiz
Series of questions with right and wrong answers that intends to check knowledge
Voting to make decisions or determine opinions
Formatted Text with Embeds and Visuals
The Classic Internet Listicles
The Classic Internet Countdowns
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Upload your own images to make custom memes
Youtube and Vimeo Embeds
Soundcloud or Mixcloud Embeds
Photo or GIF
GIF format