KEDCO generates N5.5b in six months

The Managing Director of Kano Electricity Distribution Company (KEDCO), Ahmad Dangana, explained that it achieved over 72 per cent growth from June 2022 by generating over N5.5 billion as at January 2023.

Dangana, who made the disclosure to newsmen during the company’s ongoing retreat in Kano, said the company recorded 42 per cent market remittance in June last year.

According to him, the company’s collection rose from N3.2 billion last year. He said: “We can do better, as our target is to increase market remittance to over 70 per cent by the end of the year.

“The focus for us is on power supply by giving ourselves a commitment of improved power supply. Some of the few initiatives that we have carried out are that, over the last few months, we have been able to repair about 250 transformers across our franchise areas, which, I think, is impressive, but we can do better.

“What we are going to do within the next 90 days is to fix all transformers that are within our network areas, and keep them running for our customers to enjoy our services.

“If you look at our investment plan, I think for the next 18 months, there are over N18 billion that is planned on our network through initiatives from various funding sources. With this, we are sure that our customers will enjoy better services.”

The CEO assured that the company would continue doing what it has been doing in the last six months, focusing on fairer billing.

He stressed that the company would ensure whatever a customer is billed, is actually what is consumed, assuring that this will be fulfilled as result of metering, making sure most of the energy that the company is distributing to its customers is from an economic approach.

In his remarks at the event, the Chief Commercial Officer, Abubakar Yusuf, disclosed that, so far, KEDCO has installed over 80,000 metres, promising that more will be installed for customers under the mass metering programme.