By Ediri Ejoh
The management of Eko Electricity Distribution Company, EKEDC, has said that the company owes more than N116 billion by December 2022, even as it aims to provide 20 hours of uninterrupted daily electricity supply to its customers by 2023.
Speaking to the media yesterday, EKEDC General Manager, Dr. Tinuade Sanda, lamented that the wave of vandalism and theft is becoming more and more worrying. cost of cables today, should exceed N5 billion.
“The debts of ministries, departments and agencies, MDAs alone, amount to about N40 billion, while the total debt to our company is more than N116 billion,” she said.
Sanda added that efforts are being made to complete the installation of transformers within the communities, hinting at improved metering for the consumers, ensuring continued repair of tripping feeders.
She added: “We want to work on guaranteeing a minimum of 20 hours of electricity supply while continuing to take electricity from the grid. The installation is still ongoing and we have done 80 of the 150. We are getting closer to our consumers. We tend to decentralize more so that our consumers can reach us.”
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