As part of an ongoing program to improve Nigeria’s utility infrastructure, 4Power Consortium Ltd
took over the ownership of Port Harcourt Electricity Distribution, Plc (PHED) on November 1, 2013.
4-power consortium is a partnership of 9 investors :
Income Electrix Limited
Skyview Power Technologies Limited
Taleveras Group of Companies
Liliker Brothers Nigeria Limited
Akwa-Ibom Investment and Promotion Council (AKIIPOC)
Paradise Power Nigeria Limited
First Independent Power Company Nigeria Limited
Bayelsa Electricity Company Limited.
These partners pooled their resources together to acquire 60% share holding of the Port Harcourt Electricity Distribution Company, PHED, with a determination to make it the best utility company in Nigeria.