AEDC Adopts Holding Company Structure to Enhance Operations in Nigeria's Power Market
Abuja Electricity Distribution Plc (AEDC) in Nigeria has adopted a holding company structure to align with the evolving decentralized power market. This strategic move involves transitioning to a HoldCo structure following the Electricity Act 2023, empowering state governments to establish independent electricity markets.
AEDC has incorporated two new subsidiaries, the Nigerian Electricity Distribution Company and Kogi Electricity Distribution Company, to operate in Niger and Kogi states, respectively. Key appointments have been made for these subsidiaries, with Engr. Sam Odekina and Mr. Desmond Eboh leading the new entities.
AEDC's Managing Director, Engr. Chijiok Okwuokeny, highlighted the importance of the HoldCo structure in adapting to Nigeria's energy landscape and contributing to sector development.
Plus234Feed summary based on reporting from News Online Nigeria. Read the original report below.
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