Eko Distribution Company loses N1 Billion to Energy Theft

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Eko Electricity Distribution Company Plc (EKEDC) has lost over N1billion to various forms of energy theft, including meter bye-pass by customers and equipment vandalism in the past three years, its Chief Operating Officer (COO), Mr. Sam Nwaire has said.

Nwaire, who represented the Chief Executive Officer, Dr Oladele Amoda spoke on the prevailing poor power supply at a town hall meeting and stakeholder forum in  Mushin, Lagos.

He promised customers that the power utility firm would improve electricity supply, promising that whatever the firms got from the Transmission Company of Nigeria (TCN) would be fairly distributed. He appealed to customers for the unstable power supply.

He said: “

We all know what Nigeria is going through today; the challenge is everywhere. I know how you people feel and I want to tell you also that we are not also happy with power situation but I want to assure you that we are doing all we can under the law to improve power supply to our customers.

“EKEDC is entitled to 11 per cent of power generation from the grid but not getting adequate energy due to ongoing challenges in the power sector. But we have entered into a special arrangement with Egbin Power to buy 100megawatts (Mw) which will be dedicated to customers without going through the national grid. The arrangement will make customers pay a little more but are guaranteed stable power supply.

“Very soon, we will be taking 45Mw from Paras Energy and we are also in discussion with the Lagos State government on how we can be buying power from them to supply our customers. Behind the stadium, we want to build another 1x15MVA substation to boost supply in the Surulere axis with approval from the regulators. We have been to Abuja twice with Hon. Desmond Elliot on this issue.”

Nwaire said over 138 faulty transformers had been replaced by the company to boost power supply to customers within EKEDC network. He said equipment costing over N700 million had been installed in different locations to effectively boost supply, and praised the firm’s directors who had gone to source fund to acquire the equipment.

“We have embarked on massive replacement of faulty transformers within the network. We expect customers to reciprocate this gesture by paying their bills. We also expect communities that will benefit from the transformers not to see them as public property but as their own, so that they can help safeguard them (transformers) against vandalism by unscrupulous elements,” Nwaire added.

Source: TheNation

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