The management of Geometric Power has formally acquired the Aba ring-fenced area from Integrated Electricity Limited, a core investor in Enugu Electricity Distribution Company (EEDC), ending a nine-year legal battle over the rightful owner of the project. The asset was handed over by the National Council on Privatisation (NCP) through the Bureau for Public Enterprises (BPE) at a brief event on Wednesday in Abuja. Trouble started in 2013 following the privatisation exercise after Interstate Electric acquired 60% of Enugu Electricity Distribution Company (EEDC) from the BPE pursuant to a share…
Read MoreGEOMETRIC POWER TAKES OVER ABA RING-FENCED AREA AFTER NINE YEARS LEGAL TUSSLE
