The Niger Delta Power Holding Company, NDPHC, 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 State with the State Governor, Mr. Babajide Sanwo-Olu in attendance will see NDPHC supplying electricity directly to Eko DISCO from existing capacity.
The Managing Director of NDPHC, Mr. Chiedu Ugbo in his remarks noted that the agreement was part of NDPHC’s 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.
He pointed out that “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 a safe, reliable, and steady supply of power to customers in Ibeju-Lekki and other parts of EKEDC’s franchise area.