Eko Electricity Distribution Company Plc (EKEDP) is losing about N2.5 billion monthly in revenue.
The Chief Executive Officer, Oladele Amoda, said that the company used to generate above N4 billion monthly but it has dropped to about N1.5 billion.
“The drastic drop in power supply within our network has affected the company’s operation deeply. It has also impacted our the revenue and business activities significantly,’’ he said.
According to him, the shortfall has adversely impacted the ability of the company to make capital investment in metering, network expansion, equipment rehabilitation and replacements that are critical to service delivery.
Source: Energy Mix Report