Abuja Electricity Distribution Company Plc is a licensed electricity distribution company founded in 2013 in Nigeria. As a full-fledged privately owned electricity distribution company, it operates in the Federal Capital Territory, Niger State, Kogi State, and Nasarawa State. Since its privatization in 2013, the company has been committed to enhancing its operations and customer satisfaction.
The company's slogan "Power of Commitment" reflects its dedication to providing reliable electricity services. A notable development for AEDC Plc is its recent NGN34.69B debt financing investment on 18 March 2024 from the Central Bank of Nigeria. This investment underlines the confidence and support from a key financial institution.
AEDC Plc operates in the energy industry and has prioritized restructuring to align with its vision of making customers happy 24/7 within its franchise area. The company's focus on customer satisfaction and its significant investment demonstrate its potential for growth and advancement in the Nigerian energy sector.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Debt Financing | NGN34.69B | 1 | Central Bank of Nigeria | 18 Mar 2024 |
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