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Published On: Thu, May 29th, 2014

Ikeja Disco retains 567 PHCN staff

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PHCNdBy Etuka Sunday

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.

A statement by the Head, Public Communications, Chigbo Anichebe quoted the Managing Director, Mr. Abiodun Aifwobaje to have made the disclosure when he received members of the Senate Committee on Privatisation, led by its Chairman, Senator Olugbenga Obadara.

The MD reiterated to the lawmakers of the commitment of the company to become a leading utility business company in the country by providing safe, reliable and quality service to customers at fair and reasonable costs; and to achieve this, he said the new owners had taken some initiatives to reposition the company.

These he said included; 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 members that IKDC has an installed capacity of 1684MW, but was only able to distribute 421MW to customers out of the maximum demand of 938MW due to shortage of supply from the Generation Companies, power theft and vandalisation of power installations.

At the Eko Electricity Distribution Company (EKEDC), the Managing Director, Mr. Oladele Amuda told the committee members that the company was committed to uninterrupted and sustainable power supply to its customers.

Amuda said the company plans to invest N45bn 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 complained of poor power supply from the National Grid, power theft, illegal connections and vandalism of power installations as some of the challenges they were facing. The MD appealed to the Committee members 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 CEO Atoy Leynes expressed the readiness of IBEDC to meet consumers’ needs as long as the generation companies can keep up with their demand.

In his remarks, the chairman of the committee, Senator Olugbenga Obadara assured the distribution companies that the Committee would do everything within its powers to find a lasting solution to shortage of power supply from the National Grid.

The event is organised by EnergyNet and is part of a global portfolio of investment meetings, conferences and infrastructure events focused specifically on power and industrial sectors across Africa

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