Kano Electrical energy Distribution Firm (KEDCO) has introduced an 80 per cent billing effectivity in June 2024, 5 per cent improve from 75 per cent recorded by the DisCo in January 2024.
KEDCO additionally disclosed making monetary progress following sustainable interventions to drive effectivity throughout its community.
Head, Company Communications of the DisCo, Sani Bala Sani, additionally added that the corporate additionally recorded vital efficiency enchancment and discount in Combination Technical, Business, and Assortment losses (ATC&C) by virtually 20 proportion factors to a report of 42 per cent.
The DisCo recorded the efficiency enhancements underneath the continued initiative since its acquisition by a brand new core investor.
It could be recalled that Future Energies Africa (FEA) in November 2023 acquired the bulk stake in KEDCO and has since launched into reforms geared in the direction of enterprise turnaround and sustainable transformation of the facility distribution firm.
At the moment, about 52 feeders obtain between 20 to 24 hours of energy provide (together with 11 not too long ago upgraded) via investments and improved service supply.
“These achievements will not be merely coincidental however acutely aware efforts by KEDCO’s Board and Administration, with ample help from the core investor, Future Energies Africa via funding efforts and fixed adoption of efficient mechanisms to expeditiously deal with extant challenges in the direction of making KEDCO financially self-sufficient,” mentioned Sani.
He highlighted a outstanding among the many current challenges as overcoming the dispute with the Producers Affiliation of Nigeria (MAN) over the April 2024 supplementary tariff order, which has now been resolved.
KEDCO additionally advocated a round-table reconciliation channel whereas additionally reaffirming its steady help for the prosperity of companies and financial actions within the space.
The DisCo additionally not too long ago revamped its prime administration with the addition of a brand new Chief Technical Officer, Engr. Kassim Burkullu, who not too long ago managed Abuja Electrical energy Distribution Firm’s (AEDC) massive community.
Equally, the agency additionally introduced in a brand new Chief Business Officer (CCO), Dr. Abubakar Jimeta, a seasoned business skilled, and injected two Particular Directorates for Particular Tasks and Buyer Options, manned by Engineers Inuwa Daneji and Shuaibu Adeiza, respectively.
Throughout this era, the corporate additionally invested over ₦1bn to deploy over 100 Excessive Voltage sensible Most Demand (MD) meters.
Additionally, it deployed over 3,000 prepayment meters on Band A feeders, via MAP vendor financing, all geared in the direction of mitigating billing and business losses.
Equally, test meters have been put in on all main business feeders with excessive losses and bifurcation of these feeders, for improved energy distribution, effectivity, and vitality accountability which has led to a major discount in losses and improved assortment efficiencies.
Within the space of community reliability, KEDCO administration has initiated enlargement efforts in a bid to foster effectivity in service supply and meet service-level settlement commitments.
KEDCO’s projection is to realize 25 p.c ATC&C losses by year-end whereas assembly 100% market obligations because the NESI transitions to a Bilateral buying and selling market.
The corporate’s administration has been tasked with turning the enterprise round and are working around the clock to proceed driving enhancements.
The Performing Managing Director, Abubakar Yusuf acknowledged that, “In any respect ranges, now we have prioritised collaboration, partnership, and common stakeholders’ engagements throughout the authorities, conventional, safety, political, non secular, and neighborhood companions to drive progress.”
He famous that, “If KEDCO succeeds, our communities succeed. So, it must be a crew effort.”
