Senate hails EKEDP’s turnaround, pledges action on power sector debts

Senate in session

The Senate Committee on Privatisation has commended Eko Electricity Distribution Plc. (EKEDP) for improving its operations since the power sector was privatised.

It, however, promised to push for government’s intervention on persistent debts owed by Ministries, Departments and Agencies (MDAs) and the armed forces.

The commendation came during the committee’s oversight visit to EKEDP’s headquarters in Lagos, where lawmakers reviewed the company’s performance, achievements and the challenges affecting electricity distribution within its franchise area.

The EKEDP management team, led by Managing Director, Distribution, Transgrid Enerco Limited, Wola Joseph Condotti, told the committee that the firm’s Aggregate Technical, Commercial and Collection (ATC&C) losses had dropped from 35.37 per cent in 2013 to 19.71 per cent in 2026 to date.

The management also said that the average monthly revenue had risen from less than N2 billion in 2013 to N39.5 billion, while the number of metered customers increased from 183,808 to 584,193 over the same period.

The delegation was led by Chairman of the Senate Committee on Privatisation, Shuaibu Isa Lau.

EKEDP also outlined its major improvements between 2024 and 2026, including the full settlement of market obligations to NISO, Waterfall, NBET and bilateral power purchase agreement counterparties.

It added that it had constructed three new 33/11kV injection substations, added 12 new 11kV feeders and 13 new 33kV feeders, and replaced obsolete 11kV panels across 12 injection substations, with a combined impact of 178.25MW.

The company, which further highlighted its integration with the National Identity Management Commission (NIMC) for real-time customer verification, a partnership with the First Central Credit Bureau, the deployment of a paperless digital workflow platform and the launch of the Eko Power App in May 2026 as a self-service payment platform, said transmission infrastructure constraints around the Ajah, Eleko, Akangba, Agbara, Alagbon, Lekki and Ojo transmission stations continue to limit power evacuation and supply reliability.

It also cited inadequate generation capacity, gas supply disruptions to generation companies and outstanding debts owed by MDAs and the armed forces as key challenges affecting collection efficiency and liquidity across the electricity distribution value chain.

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