Kaduna Electric: We’re Working With Federal Govt, Other Stakeholders To Resolve Crisis

Following the recent license revocation notice served on Kaduna Electricity Distribution Company, KAEDC, for underperformance by the Nigerian Electricity Regulatory Commission, NERC, the distribution company, DisCo, said its already engaging stakeholders even as it is counting on the federal government’s intervention objectives to resolve its crisis.

This was contained in a statement signed by KAEDC management.

Acknowledging the 60-day Notice of Intention to Cancel its operating license by the regulator, Kaduna Electricity expressed the hope that its ongoing engagement with the commission, Bureau of Public Enterprises, BPE, lenders, and other stakeholders would address the long-running and current issues at the company.

“We assure our customers of ongoing engagements between the Commission and shareholders including the Bureau of Public Enterprises and Lenders as to address the long-running and current issues at Kaduna Electric.

“We will continue to provide electricity in our Franchise Area – Kaduna, Kebbi, Sokoto and Zamfara States – with the utmost sense of duty and professionalism,” the statement reads in part.

RELATED

ITF Replaces Starter Packs With Global Artisan Certification

4 hours ago

Equities Rebound, Gain N19bn

4 hours ago

NERC had in a notice dated 15 May, 2023 threatened to revoke the operating licence of Kaduna Electric following its protracted insolvency and inability to discharge its financial responsibilities to the Nigerian Bulk Electricity Trading Plc, NBET and other stakeholders

According to the notice, the DisCo has 60 days from the date served to defend its licence against revocation for underperformance by the Nigerian electricity umpire.