Abuja Electricity Distribution Plc (AEDC) has realigned its corporate structure, transitioning to a holding company. This move it said will enhance operational agility, improve governance, and support efficient service delivery across its franchise areas.
Announcing this in a statement on Sunday, the company said that the restructuring was in furtherance of the Electricity Act of 2023, which empowers state governments to establish independent electricity markets and regulatory commissions.
Also, as part of the transformation, the company incorporated two new subsidiary companies: Niger Electricity Distribution Company and Kogi Electricity Distribution Company.
Read also: AEDC reclaims stolen power assets as security forces intensify fight against vandals
The subsidiaries at expected to operate under their state regulatory commissions – Niger State Electricity Regulatory Commission and the Kogi State Electricity Regulatory Commission, respectively, while remaining integral members of the AEDC Group.
The company also announced key executive appointments, naming Sam Odekina as Chief Business Officer and Acting Managing Director of Niger Electricity Distribution Company, and Mr Desmond Eboh as Chief Business Officer and Acting Managing Director of Kogi Electricity Distribution Company. It added that plans were underway to commence operations in Nasarawa State, with the transition process expected to begin soon.
It reaffirmed its commitment to supporting the development of sustainable, state-regulated electricity markets and setting benchmarks for efficiency, reliability, and customer experience across its operations
Commenting on the new structure, Chijioke Okwuokenye, Managing director, AEDC, said the HoldCo structure aligns perfectly with the company’s goal to enhance operational efficiency and adapt to Nigeria’s evolving energy landscape while exploring new opportunities, driving growth, and contributing to Nigeria’s energy sector development.
According to him, the new structure positions the company to respond to state-specific regulatory requirements while preserving the Group’s unified identity, shared values, and commitment to operational excellence and customer service.
“The HoldCo structure aligns perfectly with our goal to enhance operational efficiency and adapt to Nigeria’s evolving energy landscape while exploring new opportunities, driving growth, and contributing to Nigeria’s energy sector development.
“We are committed to maintaining our high standards of service, innovation, and customer focus, even as we evolve into a new structure.”