AEDC invests N19bn to improve power supply in Abuja, environs

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.

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.

Source: Leadership

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