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Abuja Electricity Distribution Company

KANN Utility Limited, which derives its name from the states that it will serve in its operations namely Kogi, Abuja, Niger and Nasarrawa, owns 60 per cent equity in AEDC. KANN is a Nigerian registered company formed in 2012 and is jointly owned by XerXes Global Investments Limited and CEC Africa Investments Limited, a company wholly owned by Copperbelt Energy Corporation Plc of Zambia.…

Acquisition Of Abuja Electricity Distribution Company ...

About KANN Utility Company Limited The joint venture comprises CEC PLC and XerXes Global Investments, an investment company registered in Abuja. CEC has formed a subsidiary company called CEC Africa Investments Limited (‘CEC Africa’) registered in Mauritius to undertake international investments in the power sector in Sub-Saharan Africa.…

KANN Utility Company Limited Archives Nairametrics

Dec 06, 2019 · Home Tags KANN Utility Company Limited. Tag: KANN Utility Company Limited. ABEDC’s investors divided over $41 million contract breach. Fakoyejo Olalekan-December 6, 2019. 1. ABOUT US. Nairametrics is a leading financial resource company based in Nigeria, with special focus on financial literacy, investor advocacy and business intelligence. ...…

Privatized Power Assets: Who Are The New Owners?

KANN Utility Consortium is a joint venture between CEC and Xerxes Global Investments Limited. CEC is a twenty year old Zambian based company engaged in generation, transmission and distribution of electricity predominantly to the mining sectors in Zambia, Congo Democratic Republic and South Africa.…

AEDC – Providing Electricity 24/7

KANN Utility Limited (KANN) is the 60% equity holders in AEDC. The Federal Government of Nigeria holds 40% equity in AEDC.AEDC has a franchise for the distribution and sale of electricity across an area of 133,000 km2 in the Federal Capital Territory, Niger State, Kogi State and Nassarawa State.…