Mr Oladele Amoda, Chief Executive Officer of the Eko Electricity Distribution Company, Lagos, says the company has invested more than N1 billion in new projects.
Amoda, who spoke at an interactive session with newsmen on Thursday, in Lagos, said that the company had embarked on several projects to boost electricity supply to its customers.
He said that 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 the Minister of Power, Prof. Barth Nnaji, had directed transmission stations to transmit 1,000 megawatts to his company and the Ikeja Distribution Company.
“We have the capability to take 2,000 megawatts but the minister assured us of 1,000 megawatts; 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 the company spent N100 million to replace 700 of its poles and other equipment which the rainstorm, which ravaged Lagos in February, damaged.
The rainstorm damaged our network, especially our poles in Lekki, Yaba, Ojo, Badagry, Mushin, Isolo, Ikoyi and Victoria Island,” he said.
Amoda said that 65 per cent of the damaged equipment had been replaced.
The CEO said that the company’s customers owed it N8 billion, adding that the debt profile had stagnated because ``most customers just service their debts without paying the back log”.
He added: “The Ministry of Power is planning to appoint debt collectors to recoup outstanding debts from government ministries and agencies.
“We are going to ensure effective enlightenment campaign to collect all moneys owed by our customers”.