Transcorp Power Limited has consolidated its position in Nigeria’s Power sector as it acquired a 60 per cent stake in Abuja Electricity Distribution Company (AEDC).
Following the acquisition, Christopher Ezeafulukwe, the managing director/CEO of Transcorp Power Limited, has been appointed as the new Managing Director/CEO of AEDC.
Transcorp Group, whose biggest shareholder is businessman Tony Elumelu, is one of Nigeria’s leading conglomerates with investments in the hospitality, power, and oil and gas sectors.
