The Niger Delta Power Holding Company (NDPHC) Ltd has 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.
The agreement which was sealed in Lagos in the presence of Lagos State Governor, Mr. Babajide Sanwo-Olu will 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.
Head, Communication and Public Relations, Mrs. Olufunke Nwankwo disclosed this in a statement at the weekend.
She quoted the Managing Director as saying ”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.
