Tag
TRANSGRID ENERCO LIMITED
Transgrid Enerco Limited, a strategic alliance between North South Power Company Limited (NSP), Axxela Limited, and Stanbic IBTC Infrastructure Growth Fund (the Fund), has signed a Share Purchase Agreement (SPA) for the proposed acquisition of a 60% equity stake held by West Power and Gas Limited in Eko Electricity Distribution Company (Eko DisCo).
Transgrid Enerco Limited, a consortium comprising Stanbic IBTC Infrastructure Growth Fund (SIIF), the North-South Power Company Limited (NSP), and Axxela Limited, has acquired a 60% majority equity stake in the Eko Electricity Distribution Company (Eko Disco), Nigeria's second-largest electricity distribution company.