29 May 2014, Lagos – Ikeja Electricity Distribution Company (IKDC) has re-engaged 567 former staff of the defunct Power Holding Company of Nigeria (PHCN) to complement the 2,070 it inherited, the Managing Director, Abiodun Aifwobaje, has said.
Head, Public Communications of the Bureau of Public Enterprises (BPE), Chigbo Anichebe, made this known in a statement yesterday.
He said Aifwobaje spoke when members of the Senate Committee on Privatisation, visited the company in continuation of their oversight visit to Power Holding Company of Nigeria (PHCN) Successor Companies (SCs) in the Lagos and Ibadan zones.
He told the lawmakers, led by its Chairman, Senator Olugbenga Obadara, of the commitment of the company to become a leading utility business firm in the country, by providing safe, reliable and quality service to customers at a fair and reasonable costs.
He explained that the new owners have taken some initiatives to reposition the company, saying these include, training and retraining for staff, repair, or replacement of malfunctioning transformers and completion of abandoned distribution projects, among others.
On the challenges facing the company, he told the committee that IKDC has an installed capacity of 1684MW, but is only able to distribute 421MW out of the maximum demand of 938MW due to shortage of supply from the generation companies, power theft and vandalism of power installations.
At the Eko Electricity Distribution Company (EKEDC), the Managing Director, Oladele Amuda, assured that the company was committed to uninterrupted and sustainable power supply to its customers.
He said the company plans to invest N45billion in the next five years, while $150 million would be spent immediately on capital projects to meet customers’ needs, network rehabilitation and reinforcement.
He however mentioned poor power supply from the National Grid, power theft, illegal connections and vandalism of power installations as some of the problems of the Committee to intervene so that generation companies could supply adequate power to the distribution companies for adequate distribution of power to consumers and for increased financial returns.
At the Ibadan Electricity Distribution Company (IBEDC), the Chief Executive Officer (CEO), Atoy Leynes, expressed the readiness of IBEDC to meet consumers’ needs as long as the generation firms can keep up with their demand.
He listed the challenges facing IBEDC as poor asset performance due to age, poor transmission infrastructure and the absence of land to build its headquarters.
He requested for tariff structuring that is cost reflective, as well as the review of asset classification (core/non- core) of DISCOs as some assets classified as Non Core were essential to the distribution network.
Obadara assured the distribution companies that the committee would do everything to find a lasting solution to shortage of power supply.
– The Punch