FG approves Transcorp Power to buy Abuja DisCo

The Federal Government has approved Transcorp Consortium as the ideal buyer of the Abuja Electricity Distribution Company (AEDC).

This was announced by Vice President Osinbajo at while commissioning the 240mw Afam 3-Fast Power Plan.

He also spoke about the challenge in gas to power despite FG’s N40bn stabilisation fund.