INSIDEMAINLAND– The management of Eko Electricity Distribution Company, EKEDC, has stated that the company is owed over N116 billion as of December 2022, despite the fact that the company is aiming for 20 hours of uninterrupted daily electricity supply to its customers in 2023.
Dr. Tinuade Sanda, Managing Director of EKEDC, told the media yesterday that the recent spate of vandalism and theft is increasingly concerning, adding that as of December 2022, vandalism in the company’s network had risen to N2.5 billion, which, with the estimated cost of cables today, should be more than N5 billion.
She said, “Debts alone from Ministries, Departments & Agencies, MDAs, is about N40 billion, while the total debts owed our company is over N116 billion.”
Sanda also stated that efforts are being made to complete the installation of transformers within the communities, and hinted at improved metering for customers, assuring the continued repair of tripping feeders.
She added, “We want to work towards ensuring minimum 20 hours of electricity supply as we continue to get electricity from the power grid. Installation is still ongoing and we have done 80 out of 150. We are moving closer and closer to our consumers. We tend to decentralize more so that our consumers can reach us”.