NDPHC, BEDC sign agreement to deliver additional 250mw

Niger Delta Power Holding Company (NDPHC) on Wednesday signed a framework agreement with the Benin Electricity Distribution Companies (BEDC) to deliver additional 250MW from stranded power to customers within the franchise area.
Speaking at the signing ceremony in Lagos, NDPHC Managing Director Chiedu Ugbo said the agreement took immediate effect.
Some of the initial project areas are: Benin Bypass (industrial cluster near NDPHC’s power plant at Ihovbor, Benin-City, Edo State; Asaba, Delta State; Ondo South Senatorial District, Ondo State and interventions in Ekiti State.
He said the two companies last year began exploring options to collaborate to deliver safe and reliable power to customers of the BEDC’s franchise area.
Ugbo said: “Today, we are glad that we gather here to sign a framework agreement for this collaboration
“For NDPHC, the project will enable us deliver more 250mw of power to customers of BEDC’s franchise areas in Edo, Delta, Ondo and neighbouring states.
”For BEDC, the project will help BEDC to satisfy its customers with reliable power and achieve an enhancement of its network and infrastructure.”
BEDC Chief Executive Officer Funke Osibodu said her company aimed to deliver incremental power from the NDPHC under utilised or stranded capacity to industrial and commercial hubs through multiple solutions across locations in Delta, Edo, Ondo and Ekiti states for electricity value chain.
Nigeria’s electricity tariff shortfall may rise to over N3 trillion by 2023 – World Bank

Leave a Reply

Your email address will not be published. Required fields are marked *