
The Planned Acquisition Of 60% EEDC Shares By ABIA State Government – What And Why? – By Engr. Ikechukwu Monday(Honourable Commissioner For Power And Public Utilities)
The Planned Acquisition Of 60% EEDC Shares by Abia State Government – What and Why? Enugu Distribution Company Plc (EEDC) was incorporated as a Public Liability Company in 2005 following the unbundling of Power Holding Company of Nigeria (PHCN). In 2013, Interstate Electrics Limited took over the management of EEDC after the purchase of 60% of EEDC shares from the federal government through the privatisation process leaving 40% shareholding shares to Federal, State and local governments, warehoused by Bureau of Public Enterprise (BPE) and Ministry of Finance Incorporated (MOFI). EEDC operates within the Nigerian Electricity Supply Industry (NESI) framework, licensed…








