Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    Ecobank Shines As Winner Of Africa’s Best Bank For 2025 At Global Finance

    May 28, 2025

    Governor Sheriff Oborevwori’s Second Anniversary: Delivering Impactful, Courageous, Pragmatic Leadership To Deltans

    May 28, 2025

    Late scentist Onabamiro: Dignitaries – Obasanjo, Amosun, others pay tributes at Ibadan

    May 28, 2025
    Facebook Twitter Instagram
    Megastar Magazine
    • Politics

      Political Whirlwind Propels Lee Jae-myung to South Korean Presidential Frontrunner

      May 28, 2025

      Jon Stewart Speculates on Trump’s “Endgame,” Citing “Protection Money” Pattern

      May 24, 2025

      FG summons: Natasha’s lawyers, promise defence with ‘factual evidence

      May 24, 2025

      Nigerian Government Files Criminal Charges Against Senator Natasha Akpoti-Uduaghan Over TV Interview Allegations

      May 22, 2025

      Akpabio Predicts Unification of Akwa Ibom Politics Ahead of 2027 Elections

      May 17, 2025
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment May 28, 2025

      >Choi Jung-woo, Veteran South Korean Actor, Dies at 68

      Recent

      >Choi Jung-woo, Veteran South Korean Actor, Dies at 68

      May 28, 2025

      Global Gospel Icon Sinach Declares God’s Faithfulness in Uplifting New Release ‘You Are Good.’

      May 27, 2025

      Actress Jumoke George’s daughter speaks on journey, encounter in Mali 

      May 24, 2025
    • Business

      Ecobank Shines As Winner Of Africa’s Best Bank For 2025 At Global Finance

      May 28, 2025

      For 24 Hours, 12-Year-Old Chiderije Mbah Becomes MD/CEO Of Wema Bank PLC

      May 27, 2025

      MTN set to unveil Go MAD On Campus with tour

      May 26, 2025

      UBA Launches Airtime-Free *919#

      May 26, 2025

      Dyna.Ai, PalmPay collaborate on AI for financial transformation

      May 26, 2025
    • Health

      Aiyedatiwa boosts Ondo health, upgrades 102 centres

      May 26, 2025

      Three cancer centres will be launched by May 29 – FG

      May 24, 2025

      Saudi Arabia Takes Free Eye Care Service To People Of Lagos

      May 22, 2025

      NAFDAC reiterates deadline for sachet alcohol

      May 19, 2025

      NDLEA adds two forensic labs to the existing, modernize Lagos

      May 12, 2025
    • Culture

      Olori Atuwatse III’s Foundation Kicks Off “Read and Reach” Mobile Literacy Tour

      May 28, 2025

      Itsekiris, Yorubas are related from source –  Alaafin Of Oyo

      May 12, 2025

      Supposed misunderstanding between Alaafin, Ooni skeptical 

      May 4, 2025

      Aláàfin Ọ̀yọ́’s Coronation a giant leap in Yoruba renaissance – Olaopa

      April 5, 2025

      Anyaduba Pens Tributes To Trudeau Says His Cultural Inclusivity, Outstanding 

      March 10, 2025
    • Lifestyle

      Mayor, Publisher Akinpelu Narrates Ordeal with Prostate Cancer Battle

      May 26, 2025

      Actress Jumoke George’s daughter speaks on journey, encounter in Mali 

      May 24, 2025

      Through the Valley of Shadows: A Pilgrimage to Zamfara

      May 22, 2025

      2025 TIME100 Philanthropy list; Dangote amongst.

      May 21, 2025

      Tunde Onakoya meets Prof. Wole Soyinka, discussion

      May 20, 2025
    • Sports

      La Liga: Yamal signs new contract to 2031 with Barca

      May 28, 2025

      For Somalia’s restoration; Eto’o, Adebayor, Okocha hold peace match

      May 28, 2025

      Awoniyi shines as winner of PFA community champion

      May 28, 2025

      2025 Unity Cup: Twenty players in Super Eagles’ camp

      May 26, 2025

      Tobi Amusan shines with new 100m record in Rabat

      May 26, 2025
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home»News»Transgrid Enerco Signs Groundbreaking Agreement to Acquire Eko DisCo
    News

    Transgrid Enerco Signs Groundbreaking Agreement to Acquire Eko DisCo

    Ifetayo AdeniyiBy Ifetayo AdeniyiJanuary 23, 20253 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    Transgrid Enerco Signs Groundbreaking Agreement to Acquire Eko DisCo

    L-R: Mr Ernest Oji, Director of WPG; Mr Charles Mommoh, Chairman of WPG; Mr. Olubunmi Peters, Chairman of Transgrid Enerco; and Prof. George Nwangwu, Director of Transgrid Enerco

    Transgrid Enerco Signs Groundbreaking Agreement to Acquire Eko DisCo

    In a landmark development for Nigeria’s energy sector, Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity stake in Eko Electricity Distribution Company (Eko DisCo).

    This transaction represents the first market-driven acquisition in the power sector, signalling a bold new era for electricity distribution in Nigeria.

    Transgrid Enerco is a strategic alliance formed by North South Power Company Limited (NSP), Axxela Limited, and the Stanbic IBTC Infrastructure Growth Fund (SIIF).

    Each partner brings a wealth of expertise to this transformative venture. NSP is a leader in hydroelectric power generation, Axxela specializes in gas infrastructure and energy solutions, and SIIF is Nigeria’s largest infrastructure-focused fund, providing robust financial strategies for large-scale projects.

    Eko DisCo currently serves the southern part of Lagos State and the Agbara community in Ogun State—regions critical to Nigeria’s industrial and commercial growth.

    Transgrid Enerco has outlined an ambitious vision to modernize Eko DisCo’s operations, enhance customer service, and expand its electricity distribution capacity from 513MW to 1,500MW within the next few years.

    Speaking at the signing ceremony, the Chairman of Transgrid Enerco, Mr. Olubunmi Peters, emphasized the significance of this milestone, saying: “Today’s signing marks more than a transaction—it is a commitment to addressing Nigeria’s energy challenges. With this acquisition, Transgrid Enerco is poised to lead the transformation of electricity distribution by delivering reliable, sustainable and innovative solutions. Together, we will modernize infrastructure, improve access and support economic growth.”

    This acquisition aligns with Transgrid Enerco’s mission to empower communities, promote sustainability, and drive economic advancement through reliable power supply.

    By integrating renewable energy solutions such as solar and hydropower, the company aims to set a new benchmark for efficiency and environmental responsibility in the power sector.

    The acquisition also reflects a shared commitment to collaboration. With support from regulators, stakeholders, and the wider community, Transgrid Enerco envisions a future where Nigeria’s energy infrastructure meets the needs of its people and industries.

    Scheduled to be finalized by April 2025, the transaction underscores the importance of private sector investment in transforming Nigeria’s energy landscape.

    The leadership at Transgrid Enerco has pledged transparency, operational excellence, and a customer-first approach as key priorities moving forward.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleShyllon Museum in collaboration with Law Firm Empower Nigerian Artists with Copyright Protection
    Next Article Internet Connectivity Deal: FG, WIOCC Sign $10m (MoU) Fibre-to-home
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    Business May 28, 2025

    Ecobank Shines As Winner Of Africa’s Best Bank For 2025 At Global Finance

    News May 28, 2025

    Governor Sheriff Oborevwori’s Second Anniversary: Delivering Impactful, Courageous, Pragmatic Leadership To Deltans

    News May 28, 2025

    Late scentist Onabamiro: Dignitaries – Obasanjo, Amosun, others pay tributes at Ibadan

    News May 28, 2025

    Olu Falae appointed as chairman of Afenifere 

    News May 28, 2025

    Saudi Arabia Declares June 6 as Eid al-Adha

    News May 28, 2025

    Lagos introduces NIN to get FG’s cash relief for vulnerable

    Leave A Reply Cancel Reply

    This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

    Don't Miss
    Business May 28, 2025

    Ecobank Shines As Winner Of Africa’s Best Bank For 2025 At Global Finance

    Ecobank Shines As Winner Of Africa’s Best Bank For 2025 At Global Finance Ecobank Shines…

    Governor Sheriff Oborevwori’s Second Anniversary: Delivering Impactful, Courageous, Pragmatic Leadership To Deltans

    May 28, 2025

    Late scentist Onabamiro: Dignitaries – Obasanjo, Amosun, others pay tributes at Ibadan

    May 28, 2025

    La Liga: Yamal signs new contract to 2031 with Barca

    May 28, 2025

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    About Us
    About Us

    We are Multimedia company that specializes in Events Coverage and Planning, Media Publicity, Publishing, Awards and Outsourcing in giving styles to your event and creating brand visibility for your products and services.

    Email Us: officialmegastarmagazine@gmail.com
    Contact: +234 705 311 1111

    Our Picks

    Ecobank Shines As Winner Of Africa’s Best Bank For 2025 At Global Finance

    May 28, 2025

    Governor Sheriff Oborevwori’s Second Anniversary: Delivering Impactful, Courageous, Pragmatic Leadership To Deltans

    May 28, 2025

    Late scentist Onabamiro: Dignitaries – Obasanjo, Amosun, others pay tributes at Ibadan

    May 28, 2025
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2025 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.