Eastern Electric set to take over Enugu Distribution company

The reserve bidder for Enugu Electricity Distribution Company, Eastern Electric Company, has stated its readiness to pay $126 million for the takeover of the company, which provides power to the South Eastern part of Nigeria.

Following the inability of Interstate Electrics to meet up with the deadline payment of 75 per cent of the bid price as at 5pm on Wednesday, the communication consultant of Eastern Electric Ltd, Mr C.Don Adinuba declared the willingness of the consortium to finance the…

Eastern Electric set to take over Enugu Distribution company

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