The Abuja Electricity Distribution Company (AEDC) said it has invested N19 billion as capital expenditure to improve its networks and services between 2014 and year 2018.
AEDC director of corporate services, Mr Abimbola Odubiyi, disclosed this on Thursday when he received the senate committee on privatisation led by the vice chairman, Dr. Yahaya Abdullahi, during an oversight visit to the AEDC headquarters in Abuja.
Odubiyi, who represented the managing director, Mr Ernest Mupwaya, also said average power supply in Abuja metropolis was now at 18 hours.
“In Abuja area, the improvement in power supply has gone up tremendously and there are hardly people who complain that they don’t have power. There are places enjoying 24 hours, others are 12 hours but in Abuja metropolis, the average is 18 hours,” he noted.
Odubiyi said before the power sector privatisation in 2013, about 90 million were not connected to the national grid and the losses were over 50 per cent, however with the over N19billion investments, the distribution company (DisCo) has reduced its aggregate technical, commercial and collection (ATC&C) losses to 24.92 per cent by October 2018, while being rated among the three top performing DisCos.
He called for the committee’s intervention on the sector liquidity crisis, prompt payment of electricity bills by ministries, departments and agencies (MDAs), and pushing for cost reflective electricity tariff to end the deficit it records in buying electricity from the GenCos at a higher cost and only permitted to sell at about 50 per cent deficit rate.