Kaduna Electric Distribution Company in the Federal Republic of Nigeria has announced a significant leap in the company’s market remittance from 13% to 46% in the last six months.
The Managing Director of KEDCo Dr. Umar Abubakar Hashidu revealed this on Tuesday while briefing the Minister for Power, Chief Adebayo Adelabu who was on a working visit to Kaduna state.
He stated that the interim management under his leadership has also reduced the ATC&C Losses of the Company by 7% within the period under review, while at the same time improving the monthly revenue and regulatory compliance rating of the company significantly.
The administrator and chief executive officer of Kaduna Electric stated that the company is being repositioned to improve both the operational efficiency and its commercial performance.
He said the biggest challenge facing the is vandalism and energy theft.
He acknowledged what he called “the wonderful support and cooperation,” the management has been receiving from both the Board and other stakeholders.
In his response, the Minister for Power, Chief Adebayo Adelabu, expressed satisfaction with the performance of the interim management of the company since their inauguration.
“As a caretaker management, the ministry is happy with your performance so far, we are honestly not disappointed”, he said.
Source: https://energynewsafrica.com