The Nigerian Electricity Regulatory Commission (NERC) has dissolved the board of Kaduna Electricity Distribution Plc over the company’s N456.5 billion cumulative market obligations and prolonged financial and operational challenges.
The regulator dissolved the board in an order on “Order on the Regulatory Intervention in Kaduna Electricity Distribution Plc Pursuant to the Electricity Act 2023”, which took effect on Monday, August 10, 2026.
NERC, therefore, formally issued an interim order for regulatory intervention in the DisCo.
“Pursuant to sections 75-79 of the Electricity Act 2023 [EA 2023) the board of directors of KAEDC is dissolved with immediate effect. The Corporate Affairs Commission (CAC) has been duly notified to restrict unauthorised changes to company records during this special transition period,” the order reads.
“The Commission’s decision was informed by a review which found that ASI Engineering Limited, the core investor, accumulated over N118.6 billion in additional market debt
