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Business News of Saturday, 7 January 2023

Source: www.punchng.com

EKEDC targets 20-hour daily power supply in 2023

EKEDC EKEDC

The management of Eko Electricity Distribution Company has disclosed that plans have been concluded to provide 20 hours uninterrupted daily electricity supply to its customers in 2023.

This is as the company also revealed that it is being owed over N116 billion as at December 2022.

The EKEDC Managing Director, Dr. Tinuade Sanda, disclosed this on Thursday while briefing newsmen. According to her, as at December 2022, vandalism in the company’s network rose to N2.5 billion and with the estimated cost of cables today, should be over N5 billion.

“Debts alone from Ministries, Departments & Agencies, MDAs, is about N40 billion, while the total debts owed our company is over N116 billion,” she said.

She added, “We want to work towards ensuring minimum 20 hours 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”.