Abuja Electricity Distribution Plc has transitioned into a Holding Company structure The move follows the Electricity Act of 2023, which decentralised electricity regulation to states AEDC unveiled two new subsidiaries and announced new executive appointments to lead the subsidiaries
Oluwatobi Odeyinka is a business editor at Legit.ng, covering energy, the money market, technology and macroeconomic trends in Nigeria. Abuja Electricity Distribution Plc (AEDC) has announced a major corporate restructuring, transitioning into a Holding Company (HoldCo) structure as part of efforts to adapt to Nigeria’s changing electricity regulatory landscape.
According to a statement released by the company on Sunday, the move follows the implementation of the Electricity Act of 2023, which allows state governments to establish and regulate their own electricity markets.