Abuja Disco Secures Deal With Transafam Power To Deliver 50MW To Abuja Industrial Cluster

A Memorandum of Understanding (MoU) has been signed between Transafam Power and the Abuja Electricity Distribution Company (AEDC) to supply 50 megawatts of embedded power to the Idu commercial area in Abuja.

On Wednesday, Mr. Vincent Ozoude, Managing Director of Transafam Power Ltd., and Mr. Chijioke Okwuokenye, Acting Managing Director of AEDC, signed the Memorandum of Understanding in Abuja.

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According to Okwuokenye, the MoU satisfies the Nigerian Electricity Regulatory Commission’s (NERC) mandate that AEDC provide 82% of embedded power generation, guaranteeing the Idu Cluster a dependable and steady power supply.

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).

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”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% of AEDC,” he said.

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