The Abuja Electricity Distribution Company (AEDC) has officially signed a Memorandum of Understanding (MOU) with Transafam Power yesterday, to implement a groundbreaking 50MW embedded power generation project for the Idu commercial hub in Abuja.

The MOU was executed by AEDC MD/CEO, Engr. Chijioke Okwuokenye, and MD/CEO, Transafam Power Limited, Engr. Vincent Ozoude, during the Summit on Accelerated Scale-Up of Renewable and Distributed Energy Resources in Nigeria, hosted by the Nigerian Electricity Regulatory Commission (NERC).

With this, AEDC will fulfill 82% of NERC’s requirements for embedded power generation, ensuring a reliable and consistent power supply for the Idu Cluster. It marks a pivotal advancement in AEDC’s transformation agenda, allowing the company to generate its own electricity and reduce reliance on the national grid. By diversifying its energy sources, AEDC is committed to providing stable and dependable electricity for all stakeholders involved.

In addition, the partnership enables Transafam, a leading power generating company and subsidiary of Nigeria’s largest listed conglomerate, Transcorp Group, to diversify its mode of generation providing on-grid and embedded generation to optimise its current generating capacity and serve a wider cluster.

Electricity is a critical sector in urgent need of transformation. This partnership represents a significant stride towards delivering reliable and sustainable power to Nigerians, enhancing the overall power landscape in Nigeria, and fostering growth and economic prosperity for all—a demonstration of Africapitalism.