Ikeja Electric signs a tripartite agreement with Enaro Energy and the Ayobo community
Ikeja Electric Plc, Nigeria’s leading electricity distribution company, has signed a tripartite interconnected mini-grid agreement with Enaro Energy Limited and the community of Ayobo, to provide reliable and uninterrupted electricity supply to residents of Ishokan Phase1 Estate, Mercy Land Estate and Mercy Land Phase1 in Ayobo, Lagos State.
The initiative is in line with the goal of the Nigerian Electricity Regulatory Commission to ensure reliable and stable power supply in communities across the country through partnerships between distribution companies and independent power producers.
The agreement, which was signed on Wednesday, August 3, 2022 at Ikeja Electric’s head office, Alausa, Lagos, will build on the electricity sector’s interconnected mini-grids initiative to provide customers with power supply uninterrupted.
Speaking at the signing of the agreements, Seqinah Adewunmi, Chief Financial Officer of Ikeja Electric, who represented the Managing Director, Folake Soetan, said the initiative is a milestone in the history of the electricity sector in the State, Nigeria, as these communities will be the first to benefit from uninterrupted power supply in Lagos State, Nigeria through a mix of on-grid and off-grid power generation and distribution.
According to her, this will demonstrate the possibility for our customers to benefit from a 24-hour power supply, which is in line with Ikeja Electric’s core mission of being the supplier of choice wherever electricity is consumed.
She commended all who participated in the process, revealing that the initiative will transform the ways electricity is distributed in Nigeria.
She further stated that this initiative will set the tone for bigger things to happen as the plan is to expand to other communities in the Ikeja Electric franchise area.
In his remarks, Enaro Energy Managing Director Oluwaseun Smith expressed satisfaction that the project is finally coming to fruition.
He added that the journey started about two and a half years ago and was happy that all the effort to secure the contract was worth it.
He said Enaro Energy is committed to providing the necessary resources to ensure the success of the project.
Speaking on behalf of the communities, Baba Agba Lawrence said that despite initial doubts at the start of discussions on this project, they were impressed with the level of commitment expressed by Ikeja Electric and Enaro Energy.
He acknowledged and appreciated the collaboration between Ikeja Electric and Enaro with a final sentence “We sincerely thank Ikeja Electric and Enaro Energy for making our dreams come true”.
He pleaded for the three month agreement for the commissioning of the project to be maintained as they shared the information with the community members, and they are looking forward to seeing the start of the project.
Ugochukwu Obi-Chukwu, Director of Marketing and Strategy of Ikeja Electric, said in his comments that with the signing of the agreement, Ikeja Electric and Enaro Energy will start working in earnest.
He mentioned that Ikeja Electric’s technical team will work with their counterparts at Enaro Energy to ensure that the generator sets connect seamlessly to Ikeja Electric’s grid infrastructure, which will achieve the goal of a 24-hour power supply.
Ikeja Electric and Enaro Energy have targeted December 2022 as the target launch date for the initiative.