Power: Nigeria Is Open For Busines- Tinubu; AEDC Signs Agreement With Daybreak Power solutions, Wood Factory

By Lateef Adegbite

When President Bola Tinubu, sent a message to foreign investors in all the countries visited over the last seven months and other Nigerian investors that Nigeria is ready and open for business not many people took him serious.  This is because former Nigerian Presidents had promised to address the country’s epileptic power supply to attract investors which was never fulfilled.

President Muhammadu Buhari, the immediate past Nigerian President had signed a deal with the German Electricity Company, Siemens Energy AG, to speed up the delivery of power projects that will deliver reliable electricity to homes and business in the country but that was how far he could go.

The failure of the Buhari’ Administration to effectively address the power sector may have informed why Tinubu had declared from the onset ‘’ to bring solutions to the multifarious challenges noticeable in the county’s power sector value chain’’. The Nigerian President who had emphasized the need to embrace Siemens technology to enhance the country’s electricity production, transmission and distribution may have opened the door-way for more electricity Companies to invest in the Nigerian power sector.

Ezeafulukwe, MD, AEDC, Akar, Wood Factory&Hardenberg, Daybreak, signs power delivery Agreement

 In Keeping with Tinubu’s promise to boost the nation’s industrial sector,  by increasing investment in the nation’s power sector, on Thursday, January 18, 2024,  Abuja Electricity Distribution plc,  AEDC, under the Chairmanship of Stanley  Lawson signed a tripartite  Agreement with Daybreak  Power Solutions Limited ( Daybreak Power,  and the Wood Factory Limited, to further consolidate its lead  in the provision  of integrated  power solutions and pioneer the delivery of   its first  -grid-connected  and solar hybrid power  solution  for Commercial and industrial  customers in Abuja, the Federal Capital Territory, FCT, and other parts of Nigeria, the most populous African country.

The signing of the tripartite  power Agreement between AEDC, Daybreak  Power Solutions Limited, and the Abuja Wood Factory  appears to be coming on the heels  of the  first interconnected  mini-grid  power solution  for Communities  in Nigeria that was said to have been launched  by the company and its strategic partners  in Toto, Nasarawa state, in north central geo-political region in November 2023.

Going by the tripartite power Agreement between the three parties,  AEDC, which has made a name for itself in Abuja and its environs,  was said to have agreed  ‘’to provide  18 hours of uninterruptible power  supply  to the Wood Factory, described in the Manufacturing Association of Nigeria, MAN, circles ,  as one of the top  Furniture manufacturing Companies in Nigeria, while  Daybreak  Power  will provide  six hours  of solar powered electricity  to the factory , meaning that the Abuja Wood Factory would be enjoying an uninterruptible  24 hours  power supply from the two service providers.

Many believe that the two  power companies are leveraging on their interconnected power facilities ‘’to  deliver seamless electricity supply  at greater value to the Customers’’. The integrated power solution facility, according to an sider is expected to yield an estimated 44% reduction energy costs and an impressive 76% annual increase in carbon transmissions for the Wood Factory.

Ezeafulukwe, MD, AEDC, Akar &Hardenberg of Day break power in a group pix

A company source described the AEDC tripartite Agreement  with Daybreak Power Solutions Limited and the  Abuja Wood Factory  as part of its unique offering  transformational  strategic objective  of redefining  customers’ experience  by providing  reliable  electricity supply  to both  existing and new customers, including the  unserved and underserved  customers.

There I no gain saying the fact that under the ongoing transformation of AEDC, the Management of the company appears to have sent a message to other competitors in the nation’s Power Distribution Companies, DISCOS, that its repositioning  as a clear Leader in the country’s power sector has come to stay.

Christopher Ezeafulukwe, Managing Director and Chief Executive Officer, CEO, AEDC, who was so excited about the tripartite power Agreement with Daybreak Power Solutions Limited and the Abuja Wood Factory had said that ‘’the company will take advantage of the great opportunities that the transformation and turnaround of the company has brought ‘’to serve its customers, both new and existing ones in more delightful ways’’.

The AEDC , CEO, was emphatic  that the transformation and repositioning  of the company   was a product of  its consistent questioning  of the status quo  in the resilient push  of the Management conviction and belief  in using diversified energy  sources  to serve  the customers  better, while closing the gap  in the country’s electricity supply market.

In a related development,  the  AEDC,  was said to have also established a good working  relationship  with the Rocky Mountain  Institute, RMI, though which the North American country of the United States , US,  Trade and Development Agency, USTDA,  provides funding  for feasibility  study grant  and facilitating  the optimization of  energy supply  through  distributed  solar energy  and grid power.

Jasper Graf Von Hardenberg, CEO, Daybreak Power,  who could not hide his excitement   about the innovative  interconnected  solar installation  had said that  ‘’working together  with AEDC and other DISCOS , in Nigeria, will provide  reliable and affordable  electricity supply  to Nigerian businesses’’, noting that ‘’it will  save on energy costs to reinvest  in their operations’’.

He noted that Daybreak partnership with AEDC supports this position of interconnected solar installation from the onset, stressing that the company is looking forward ‘’to developing more hybrid solar projects for C&I customers in partnership with the Nigerian power company’’.

Mohamed Akar,  a Director and General Manager,  of the Abuja Wood Factory , which is the benefitting company of the power project  deal  had said that ‘’the Factory’s  transition  from self-generated  electricity supply  to the integrated  power supply  which  AEDC and Daybreak currently offers’’  to its operations is to it advantage , as ‘’it  switches  to a reliable  integrated power solution  to power its plants with ease. 

Hear him: For many years, we have operated on diesel -run-generators, describing it as hardly sustainable or affordable. The Abuja Wood Factory Director is optimistic that with the partnership with AEDC and Daybreak Power Solution Limited, ‘’the future of the company looks brighter’’.

AEDC facility in Abuja, FCT

He has every reason to be happy. This is because AEDC which is one of the leading Electricity Distribution companies in Nigeria currently serving the FCT, which currently has Nyensom Wike, a former governor of Rivers state as the minister, including Niger, Nasarawa and Kogi, all three north central states is keeping to its mandate.

Ezeafulukwe, the Managing Director AEDC, may have given his words to the Management of the Abuja Wood Factory that they have no cause to worry about sustainability of the electricity supply to the company, stating that as a service provider,’’ it is dedicated to ensuring reliable, safe and sustainable electricity delivery to its diverse customers in its areas of operations’’.

He averred that with the strong commitment to serving its customers better, AEDC, would continue ‘’to contribute to the growth and development of Nigeria’s energy sector through investments in infrastructure, innovative technologies and sustainable practices’’, to promote efficient energy usage and active engage with its host communities.  

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