FirstPower Electricity Distribution Company Limited has announced plans to invest ₦53.3 billion in electricity distribution infrastructure in Anambra State between 2027 and 2029, in a move aimed at improving power supply and supporting the state’s economic and industrial growth.
The proposed investment includes ₦13.3 billion for priority network projects in 2027 and a further ₦40 billion earmarked for 2028 and 2029.
The Chairman of FirstPower, Chief Sir Emeka Offor, disclosed this at the Anambra State Investment Forum, where he outlined the company’s plans to strengthen electricity distribution infrastructure and work towards achieving 24 hour electricity supply in most major towns across the state by 2029.
According to Offor, the investment will focus on expanding network capacity, improving metering infrastructure and enhancing the reliability of electricity supply.
He also revealed that FirstPower was concluding arrangements with electricity generation and renewable energy companies to secure approximately 205 megawatts of additional power capacity, while exploring opportunities for more than 420 megawatts through embedded generation, distributed power and interconnected mini grid projects.
Offor said the company was concluding Power Purchase Agreement discussions to procure 55 megawatts of electricity within the next few days.
He further disclosed that FirstPower and Greenewable Energy Limited had signed a Memorandum of Understanding to develop 100 megawatts of embedded power generation.
The company also plans to sign separate agreements with Capstone Energies Limited for 50 megawatts of distributed embedded power supply and North South Power Company Limited for 17 megawatts.
The FirstPower chairman said the company’s investment strategy was built around developing an inclusive and commercially sustainable electricity market, attracting investment into power infrastructure and delivering measurable improvements in electricity reliability and customer service.
He called for stronger collaboration among the Anambra State Government, electricity regulators, existing operators and prospective investors, emphasising the importance of transparent regulation, protection of investments and respect for contractual obligations.
Offor maintained that sustainable partnerships and a commercially viable electricity market would be essential to achieving improved power supply across Anambra State.
Written by Enitan Mudashiru
