Kann Consortium News Today

The news was received with great excitement by investors and the market, noting Transcorp Group’s track record in value creation, business transformation, and sound corporate governance practices.

A consortium led by Transcorp Power Limited has acquired a 60 percent stake in Abuja Electricity Distribution Company (AEDC).

Vice-President Yemi Osinbajo says Transcorp Power has been approved as the preferred bidder for the Abuja Electricity Distribution Company...

By Udeme Akpan , Energy Editor Transcorp Group has emerged the preferred bidder for the Abuja Electricity Distribution Company. The Vice President of Nigeria, Prof. Yemi Osinbajo,…

The state of electricity supply in the country is not showing any sign of improvement as recent report put the Distribution Companies, Discos, which are the third leg of the value chain in deeper crisis than earlier envisaged. Similarly, generating capacity was said to have dropped again to about 3000MW in the past couple of weeks and plunging the country in darker situation.

Electricity distribution companies have recorded increase revenue of over N800 billion from Nigerians for electricity consumed from January to December of 2022.

Following the takeover of Abuja Electricity Distribution Company (AEDC) by United Bank of Africa (UBA), the company’s core investors, CEC Africa |