NERC Approves 60% Share Sale of Kaduna Disco to ASI Engineering in Debt Reconstruction
Saturday, 13 July 2024, 07:04
NERC Approval for Debt Restructuring
The Nigerian Electricity Regulatory Commission (NERC) has given the green light for the restructuring of a substantial N110 billion debt.
ASI Engineering's 60% Stake Acquisition in Kaduna Disco
ASI Engineering is set to acquire a major 60% stake in Kaduna Electricity Distribution Company (Disco), marking a pivotal step in the company's ownership structure.
Operational Impact on Power Sector
- Reshaping the Landscape: The acquisition is expected to bring about significant changes in the operational dynamics of the power sector.
- Enhancing Financial Stability: The move is aimed at bolstering financial stability and sustainability in the sector.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.