Eko Disco concludes plan to get 100MW electricity from Egbin
…Earmarks N50b investment for five years
Eko Distribution Company (EKDC) has concluded agreement with Egbin Power Plc for a dedicated 100 Mega Watts (MW) to boost electricity power supply within its network.
Besides, the electricity firm said it had earmarked a N52 billion investment for the next five years to deal with operational challenges.
The agreement was scripted to ensure effective power supply that would be commensurate with the new cost reflective electricity tariff
The Managing Director of Eko Disco, Oladele Amoda, recently disclosed that the company has commenced massive metering of customers, adding that about 202,000 smart meters had been penciled down to be install in 2016.
Amoda stressed that the company had agreed to invest in additional 100 megawatts from Egbin power station with the energy allocation from the national grid to boost effective power supply within its operations.
He said: “We have concluded bilateral arrangement with Egbin for supply of 100 megawatts. Customers within Lekki, Ajah, Ibeju and environs will benefit greatly from this special plan.
“This is energy that would come directly to us without passing through the national grid.“Though transmission is playing a vital role. In this special arrangement, the customers will slight pay more than regular customers.
“The good news is that power supply would be stable almost at all times,’’ he said.Amoda said that appealed to customers to embrace the new electricity tariff, adding that the new tariff is a customer’s friendly, which was one of the lowest in the world.
He stressed that removal of the fixed charge by government is a welcome development which will benefit the customers of Eko a great deal.
He pointed out that Eko has the least tariff charge in the country taking into consideration what the National Electricity Regulatory Commission (NERC) has just released to the nation.
“What it means now is that we are going to pursue vigorously our metering roll out plans to the satisfaction of our yearning customers. But for those who cannot wait for the roll out plan to get to them, they can key into our CAPMI programme to avoid estimated bills which does not favour the company nor the customers,”
Amoda stressed that the metering plan would be rolled out in phases until all customers have functional meters.
“The new meters are of the newest technical features, multifunctional and tamper proof. The metering plan has been estimated to cost the company a whopping N52 billion. The company has earmarked the sum of N 52 billion for the purchase of smart meters in 2016,’’ he said.