Energy

October 18, 2011

PHCN laments N100bn debt profile

By Kunle Kalejaye
FACED with the federal government’s commitment to reform the power sector in Nigeria the Power Holding Company of Nigeria (PHCN) has lamented the huge debt profile of about N100 billion which the company said is crucial to the improvement of power supply nationwide in view of the federal government’s reform agenda.

This is coming just as the management of Eko electricity distribution company says it has concluded plans to move its services closer to its customers hence the creation of two additional business districts, Ibuje and Ojo respectively.

The creation of the additional business district has brought the total number of  the company’s districts to 11, namely Agbara, Ajele, Apapa, Festac, Ibeju, Ijora, islands, Lekki, Mushin, Ojo and Orile district offices.

Speaking at the customers’ parliament organized by the company in Lagos the CEO; Mr. Oladele Amoda said the creation of the two new business districts is to services of the company closer to the customers for effective and efficient service delivery.

He noted that between 2010 and now the company has invested a huge sum on various distribution project including the injection substation and installation of over 400 distribution sub-station and the commissioning of a modern customer care center at the Marina office in order to provide a one-stop-shop for customers’

Amoda stated that 350,000 of 50kv distribution transformers were deployed in 2010/2011 and more 120,000 distribution transformers will be deployed next year while 85,000 pre-paid meters were distributed in the company network

“We are replacing obsolete meters with pre-paid meters by deploying 85,000 and 3,000 of them will be distributed every month. We know that it will not be enough but with the adequate fund from the federal government we will be able to meet the demand from our esteem customers”

The Eko boss is optimistic that PHCN workers within his network will be given adequate orientation in order to treat customers in a friendly manner, hence urging customers not to give incentives to PHCN workers to carry out their duties.

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