MD Kaduna Electric Advocates Triple Action Strategy To Unravel Sector Challenges

…as Comp invests N4.5b in Metering

The Managing Director of Kaduna Electric, Engr. Garba Haruna has suggested what he called a triple action strategy to solving the challenges bedeviling the nation’s power sector.
 
The strategies, as advocated by the electricity boss are reductions in the cost of electricity generation through reduction in the cost of gas; Central Bank of Nigeria’s intervention through provision of low interest finance to the participants in the Nigerian Electricity Supply Industry and subsidization of electricity to residential customers.
 
Engr Garba Haruna who made the assertion yesterday while granting audience to the House of Representative Committee on privatization and commercialization during the latter’s oversight visit to the company in Kaduna also called for the review of the capacity cost which the distribution companies are made to bear.
 
He disclosed that Kaduna Electric has invested N4.5b in one year towards its mass meters deployment programme. He also announced that the Company’s desire to ensure full and timely metering of its customers is been inhibited by the existing regulatory frame work which limits the company’s annual investment in metering to N4.2b.
He also expressed concern over the monthly energy invoice being submitted to Kaduna Electric by both the Nigerian Bulk electricity Trading Company and the market Operator. According to him “70% of the monthly invoice of Kaduna Electric is from thermal generation companies even though the bulk of the power supplied to the company is from hydro stations”.