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Abuja Electricity Distribution Plc (AEDC) is now a holding company after realigning its corporate structure. It said that this action will assist effective service delivery throughout its franchise territories, increase operational agility, and strengthen governance. The business said in a statement on Sunday that the reorganisation was in line with the Electricity Act of 2023, which gives state governments the authority to create separate electricity markets and regulatory commissions.
Additionally, the corporation established Niger Electricity Distribution Corporation and Kogi Electricity Distribution Company as two new subsidiaries as part of the restructuring.
While continuing to be essential components of the AEDC Group, the subsidiaries are anticipated to function under their respective state regulatory bodies, the Niger State Electricity Regulatory Commission and the Kogi State Electricity Regulatory Commission.
Also, the business announced important management appointments, including Mr. Desmond Eboh as Chief Business Officer and Acting Managing Director of Kogi Electricity Distribution business and Sam Odekina as Chief Business Officer and Acting Managing Director of Niger Electricity Distribution Company. Plans to start operations in Nasarawa State were also mentioned, and the changeover process was anticipated to start shortly.
It reiterated its dedication to fostering the growth of sustainable, state-regulated energy markets and establishing standards for effectiveness, dependability, and customer satisfaction in all aspects of its business.
The HoldCo structure, according to Chijioke Okwuokenye, Managing Director of AEDC, is a perfect fit for the company's objective of improving operational efficiency and adapting to Nigeria's changing energy landscape while pursuing new opportunities, spurring growth, and supporting the country's energy sector development.
He claims that while maintaining the Group's cohesive identity, shared values, and dedication to operational excellence and customer service, the new structure puts the business in a position to adapt to state-specific legal requirements.
“The HoldCo structure aligns perfectly with our goal to enhance operational efficiency and adapt to Nigeria’s evolving energy landscape while exploring new opportunities, driving growth, and contributing to Nigeria’s energy sector development. “We are committed to maintaining our high standards of service, innovation, and customer focus, even as we evolve into a new structure.”