Lagos, Nigeria — ESI.AFRICA.COM — 02 March 2012 – Eko Electricity Distribution Company CEO Oladele Amoda says the Lagos-based company has invested more than US$6 in new power distribution projects in the country.
Amoda, who spoke at an interactive session with newsmen here, said that the company had embarked on several projects to boost electricity supply to its customers. The company had constructed a new 15 KV injector sub-station in Yaba to reinforce supply to numerous customers in that area.
According to him, the company has also deployed 30 transformers in various areas to boost electricity supply. “When all the projects are fully completed, they will complement the ongoing independent power projects within the company’s network,” he added.
Amoda said that minister of power Barth Nnaji had directed transmission stations to transmit 1,000 megawatts (MW) to his company and the Ikeja Distribution Company.
“We have the capability to take 2,000MW, but the minister assured us of 1,000MW; if this allocation is stable, it will boost supplies to our numerous customers,” he said.
On the challenges facing the company, the CEO said that it had spent close to US$1 million to replace 700 of its poles and other equipment which the rainstorm which ravaged Lagos in February had destroyed. “The rainstorm damaged our network, especially our poles in Lekki, Yaba, Ojo, Badagry, Mushin, Isolo, Ikoyi and Victoria Island,” he said. “65 per cent of the damaged equipment has been replaced.”
The CEO went on to say that the company’s customers owed it more than US$50 million, adding that the debt profile had stagnated because most customers just serviced their debts without paying the backlog. “The Ministry of Power is planning to recoup all outstanding debts owed by its customers,” he said.