NDPHC Targets Industrial Growth with 500MW Power Deals

The Niger Delta Power Holding Company (NDPHC) has signed Power Purchase Agreements (PPAs) totalling about 500 megawatts as part of efforts to enhance electricity generation and expand revenue streams in the power sector.

According to the Managing Director and Chief Executive Officer, Engineer Jennifer Adighije, the agreements are awaiting regulatory approval, after which they are expected to significantly strengthen the company’s commercial operations and performance.

Speaking on the sidelines of the National Association of Energy Correspondents of Nigeria (NAEC) annual energy conference in Lagos, themed “Nigeria’s Energy Future: Exploring Opportunities and Addressing Risks for Sustainable Growth,” Adighije said the move aligns with the company’s ongoing reinvestment strategy amid improving liquidity conditions in the power market.

“With liquidity issues easing, we are reinvesting strategically, particularly in the transmission subsector,” she said, adding that NDPHC’s ongoing projects are focused on strengthening Nigeria’s power transmission network to ensure efficient utilisation of existing generation capacity.

She described the company’s investments as a step toward delivering reliable, affordable and sustainable electricity to consumers, especially those at the last mile.

Adighije also highlighted the Agbara Industrial Cluster Project as one of the company’s most promising commercialisation initiatives, noting that preliminary clearance had been secured for execution and that several customers had shown strong interest in the project.

“We’ve received preliminary clearance to begin execution, and several customers have already expressed strong interest,” she said.

Beyond Agbara, she revealed that similar projects are being extended to industrial clusters in Kano, Challawa and Dawanu, as part of NDPHC’s broader efforts to unlock industrial power opportunities nationwide.

The NDPHC boss commended the ongoing transition to bilateral electricity trading, describing it as an avenue to innovate and collaborate with both public and private stakeholders. She also welcomed the decentralisation provisions of the Electricity Act 2023, which allow states to participate directly in power generation and distribution.

“We are open to strategic partnerships with states ready to collaborate,” she said, citing Ondo State as one of the first engaging with the company through its State Electricity Bureau.

Adighije expressed optimism that these partnerships and policy reforms under President Bola Tinubu’s administration would accelerate the growth of Nigeria’s power sector and unlock new value across the energy chain.