NDPHC, EKEDC sign MoU to add 300mw to Ibeju-Lekki
The Niger Delta Power Holding Company (NDPHC) Ltd has signed an agreement with Eko Electricity Distribution Company Plc (EKEDC) to deliver 300 megawatts of power to Ibeju-Lekki and other franchise areas 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, 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.
Ugbo in a statement by the head, communication & public relations, NDPHC, Olufunke Nwankwo, noted that the deal also allows the EKEDC to explore innovative ways to unlock investment in infrastructure for improved supply to its customers.
“The recognition of these complementary objectives has birthed the relationship between NDPHC and EKEDC.
“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 which plays host to 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,” the statement said.