January 27, 2015 10:42 AM ET

Metals and Mining

Company Overview of Ajaokuta Steel Company Limited

Company Overview

Ajaokuta Steel Company Limited manufactures steel. The company owns and operates iron and steel plants. Ajaokuta Steel Company Limited was founded in 1979 and is based in Ajaokuta, Nigeria.

P.M.B 1000

Kogi State

Ajaokuta,  

Nigeria

Founded in 1979

Key Executives for Ajaokuta Steel Company Limited

Chairman of Interim Management Committee and Chief Executive Officer
Compensation as of Fiscal Year 2014.

Ajaokuta Steel Company Limited Key Developments

Kano Electricity Distribution Company and Ajaokuta Steel Company Limited Sign Power Purchase Agreement

The Kano Electricity Distribution Company (KEDCO) and Ajaokuta Steel Company Limited have signed a power purchase agreement (PPA) designed to improve power distribution and supply in some neighbouring states and countries. The company also disclosed that 85% of the power generated from the Ajaokuta Thermal will be for KEDCO, while the remaining 15% will be for Ajaokuta town, explaining that the project would be executed in phases, as not less that 25-30 Mega Watts is expected to be transmitted to KEDCO within the next three weeks.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 20, 2015
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