National Economy
Sunday, June 1, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

IE Enters Tripartite Mini Grid Contract To Improve Power Supply

by Chika Izuora
3 years ago
in Business, News
Reading Time: 2 mins read
Power Supply
Share on FacebookShare on TwitterShare on Telegram

You May Like

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth

Adesina Set Unmatched Record At AfDB — Buhari

Ikeja Electric Plc has signed a Tripartite Interconnected Mini-Grid Agreement with Enaro Energy Limited and Ayobo community, to provide reliable and uninterrupted electricity supply to Ishokan Phase1 Estate, Mercy Land Estate and Mercy Land Phase1 residents in Ayobo, Lagos state.
The initiative is in line with the Nigerian Electricity Regulation Commission goal of ensuring there is reliable and steady power supply across communities in the country through partnerships between Distribution Companies(Discos) and Independent Power generators.
The agreement, which was signed on Wednesday, will rely on the Interconnected Mini-grid Initiative of the power sector to provide the customers with uninterrupted power supply.
Speaking during the signing of the agreements, the chief finance officer of Ikeja Electric, Seqinah Adewunmi who represented the chief executive officer, Folake Soetan, stated that, the initiative is a landmark in the history of the power sector in Lagos as those communities will be the first to experience uninterrupted power supply in the state via a blend of grid and off-grid generation and distribution of power.
According to her, it will demonstrate the possibility that our customers can enjoy 24hours power supply which is in line with the core mission of the Ikeja Electric to be the provider of choice wherever power is consumed.
She congratulated everyone that has been part of the process, revealing that the initiative will transform the ways in which electricity is being distributed in Nigeria. She further stated that this initiative will set the pace for bigger things to happen as the plan is to expand to other communities within the Ikeja Electric Franchise area.
In his remark, the managing director of Enaro Energy, Oluwaseun Smith, expressed his appreciation that the project was finally coming to fruition.
He added that the journey began about two and half years ago and was glad that all the efforts towards ensuring the signing of the contract was worth it. He stated that Enaro Energy is committed to providing necessary resources to ensure the success of the project.
Speaking on behalf of the communities, Baba Agba Lawrence said that, despite initial doubts at the early stages of discussion for this project, they have been impressed by the level of commitment expressed by Ikeja Electric and Enaro Energy.
He acknowledged and appreciated the collaboration between Ikeja Electric and Enaro with a final phrase.
He pleaded that the three months agreement for the project to go live should be maintained since they have shared the information with members of the communities, and they are eagerly waiting to seethe project kick-start.
The chief marketing and strategy officer of Ikeja Electric, Ugochukwu Obi-Chukwu, in his comments, stated that, with the signing of the agreement, Ikeja Electric and Enaro Energy will commence work in earnest.
He mentioned that Ikeja Electric’s technical team will work with their counterparts in Enaro Energy to ensure that the power generators connect seamlessly with Ikeja Electric’s network infrastructure leading to the goal of 24-hour power supply.
Ikeja Electric and Enaro Energy have targeted December 2022 as target go-live date for the initiative.

ShareTweetShare
Previous Post

Counterfeit Products Threat To Nigeria’s Economy – MAN

Next Post

U.S Experts In Nigeria To Boost Aba Power Project

ANOTHER GOOD READ

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth
News

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth

15 hours ago
Adesina Set Unmatched Record At AfDB — Buhari
News

Adesina Set Unmatched Record At AfDB — Buhari

2 days ago
JUST-IN: Reps Pass Tax Reform Bills
News

Reps Threaten To Revoke Licences Of Defaulting Quarry Operators

2 days ago
AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment
News

AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment

2 days ago
JUST-IN: Tinubu Inaugurates New NNPCL Board
News

Tinubu Signs Executive Order To Cut Oil Project Costs, Boost Revenue

2 days ago
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT
News

Federal Gov’t Yet To Disburse 2025 Budget Funds — Fayemi

2 days ago
Next Post
U.S Experts In Nigeria To Boost Aba Power Project

U.S Experts In Nigeria To Boost Aba Power Project

Most Recent

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth

Kano Hosts 2025 NATCO: A Milestone For Skill Development, Economic Growth

May 31, 2025
Adesina Set Unmatched Record At AfDB — Buhari

Adesina Set Unmatched Record At AfDB — Buhari

May 30, 2025
JUST-IN: Reps Pass Tax Reform Bills

Reps Threaten To Revoke Licences Of Defaulting Quarry Operators

May 30, 2025
AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment

AfDB: Tinubu Hails Sidi Tah’s Election, Reaffirms Nigeria’s Commitment

May 30, 2025
JUST-IN: Tinubu Inaugurates New NNPCL Board

Tinubu Signs Executive Order To Cut Oil Project Costs, Boost Revenue

May 30, 2025
Only 2 States Generated Enough Revenue To Cover Expenses–BudgIT

Federal Gov’t Yet To Disburse 2025 Budget Funds — Fayemi

May 30, 2025
Pitcher Awards 2025: CBA Foundation Honored For Groundbreaking Widowhood Advocacy

Pitcher Awards 2025: CBA Foundation Honored For Groundbreaking Widowhood Advocacy

May 30, 2025
Senate Passes 2 Remaining Tax Reform Bills, Recommends Tax Tribunal

Senate Approves N1.8trn 2025 FCT Budget

May 30, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy