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Ikeja power distributor praised for transformation

17 July 2014, 18:06

Lagos  - The Director General of Bureau of Public Enterprises (BPE), Benjamin Dikki has lauded the Ikeja Electricity Distribution Company’s (IKEDC’s) transformation after its privatisation.

Speaking at an IKEDC post-monitoring exercise in Lagos, Dikki said eight months after official handing over of the power sector to the private firms, IKEDC had shown tremendous improvement in areas of service delivery and upgrading of equipment.

“I am indeed impressed with the transformation witnessed at the IKEDC after eight months of handing over to private sector.

It is also a symbol of change that indicate operational different from government owe company to private sector driven.

Within eight months of taken over the Disco (distribution company) the quality service and effective goal driven has been established which makes it a business driven,” he said.

He added, “We are delighted that all abandoned projects have been brought into operational use, because those facilities will go a long way in boosting the power.

Today, we are happy to see the difference between government and private driven business in the power sector.”

Dikki said that the post-privatisation monitoring exercise is to identify areas which government could be of assistance to the Discos.

He reassured government support on post-privatisation.

“Government is still 40 per cent shareholders stake in the business. This is to ascertain where the sector is today and to ensure adequate provision from government in enhancing the operation of the Discos.”

Dikki said the government was committed to ensure the private sector strives in the country to become the engine room of the economy move in Nigeria.

“Government has made tremendous achievement in effective and adequate privatisation of the power sector which has never happened in the history of the country.

We are here and we are happy with what we are seeing Ikeja Disco is a clear example of the privatisation process,” he added.

In his remarks, Abiodun Ajifowobaje, the Chief Executive Officer, IKEDC said energy had been a major challenge to the company.

Ajifowobaje said more than N1 billion had been spent on various projects within the company, adding that the company only received about 345 Megawatts against 1 257 MW maximal demand.

“We have installed and completed all rehabilitated transformers and pending projects within the company and also planning to engage other source of power supply through embedded generation,” he added.

–     CAJ News

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