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KEDCO Losses N52bn Revenue In 2019 – MD

Next Edition by Next Edition
January 20, 2020
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KEDCO Losses N52bn Revenue In 2019 – MD
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The Managing Director, Kano Electricity Distribution Company (KEDCO), Jamilu Gwamna, said the company lost energy supplied to it by regulators worth about N52 billion in 2019.

Gwamna disclosed this in Kano while unveiling the new Customer Strategy and Company award and Empowered Conference.

He explained that KEDCO cannot meet its obligations with the serious problems facing them, adding that they did not find it easy in their revenue collection in 2019.

The managing director however disclosed that they have introduced several measures to curtail energy loss and lack of staff commitments to company growth as well as revenue collection.

READ ALSO: We’re not Returning To Estimated Billing’-EEDC

“One of the strategies adopted include direct tariff monitoring, feeder supervision and also moves to ensure only revenue paying customers are provided with power to avoid lost and wastages,” he said.

The KEDCO boss expressed concern over the billing system being used by the company as it has serious problems with the balance sheet.

“That is why the company has adopted three new methods of enhanced operational capability, customer experience and serious revenue drives.

“Although, I should commend you all the staff on the 2019 performance which was so far the best by collecting N3 billion revenue.

“But you should know that we are not yet there, because we need a projected N4 billion monthly revenue,” he charged.

NAN

Tags: Jamilu GwamnaKano Electricity Distribution CompanyKano StateNIgeria
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