Quest Electric Pays N19bn For Yola DisCo, Plans N28bn Investment In 2 Years

📆 20/07/2021 08:07:00
📰 LeadershipNGA

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Quest Electricity Nigeria Limited, the new investor in Yola Electricity Distribution Company (YEDC) has taken delivery of the distribution company (DisCo)

following the payment of N19 billion purchase fee and a commitment to invest another N28 billion over a period of two years.

Recall that the National Council on Privatisation had given approval for the privatisation of the YEDC and at the conclusion of a bidding process involving local and international investors, Quest Electricity Nigeria Limited emerged the preferred bidder with a bid price of N19 billion.

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