The Governors of trio states of Kano, Katsina, and Jigawa partner on a tri-state electricity market and acquire equity stakes in Future Energies Africa (FEA), the core investor in Kano Electricity Distribution Company (KEDCO).
According to the Kano State Commissioner of Power and Renewable Energy, Dr. Gaddafi Sani Shehu, the agreement was reached during a High-Level Electrification Summit held in Marrakech, Morocco, in October this year
Dr. Ghaddafi revealed that the three states would collaborate to explore areas of mutual benefit in electricity markets, promoting partner regulations and cooperations.
Adding that states would acquire equity stakes in FEA to bolster KEDCO’s strategic direction and enhance electricity distribution in the region in a statement issued by the Spokesperson of the Ministry of Power and Energy Sa’ad Umar Faruk sent to thetentaclesnews.com.ng
The Commissioner disclosed that with 50bn electrification fund will be established to rapidly accelerate access to electricity through embedded generation, solar home systems, grid extension, and mini-grids.
Pointing out that the states would work with KEDCO to reduce losses from residential consumers, ensuring improved electricity supply to citizens.
State representatives will convene on annual international retreat on basis quarterly to review progress, set direction, and strengthen ties for the Northwestern tri-state electricity market.
This landmark agreement marks a significant step towards improving electricity access and supply in the region, promoting economic growth, and enhancing the quality of life for citizens.” as Stated by the Commissioner for Power and Renewable Energy of Kano State.
