Economy

IBEDC unveils strategic direction, announces new core investor

Ibadan Electricity Distribution Company (IBEDC) is set to inject funds into redundant hydro power plants to bring them back to life and boost electricity supply to the public, especially in its franchise areas.


This is coming with the reconstitution of a new board of directors, which has Tunde J. Afolabi as the new chairman, while the company promised to strengthen governance, enhance operational performance, deepen capital investment, and deliver improved service to customers across our franchise areas.


While saying that the company is facing a lot of challenges, leading to its inability to meet the demands of the people under its franchise areas, noted “we are planning to buy and invest more to get supplies from the generation companies to satisfy our customers.

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