A partnership has been announced between the Niger Delta Power Holding Company and the Eko Electricity Distribution Company Plc to supply 300 megawatts of power to Ibeju-Lekki and other franchise areas in Lagos State.
The information which was disclosed on Friday revealed that the agreement, which was sealed in the presence of the Lagos State Governor, Babajide Sanwo-Olu, would see the NDPHC supply electricity directly to Eko Disco from its existing capacity.
The Managing Director, NDPHC, Chiedu Ugbo, stated that the agreement was part of the NDPHC’s strategic plan to source alternative means to sell and ensure dispatch of its stranded power.
Ugbo was of the view that the deal would also allow the EKEDC to explore innovative ways to unlock investment in infrastructure for improved supply to its customers.
He was quoted in a statement issued in Abuja by the Head, Communication and Public Relations, NDPHC, Olufunke Nwankwo, as saying,
“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 and host state for key industries in Nigeria.”