Monday, May 17Inside Business Africa
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Tag: DISCO

NERC approves N215 billion for Ikeja and Eko DisCo upgrade

NERC approves N215 billion for Ikeja and Eko DisCo upgrade

Power
The NERC said the approved upgrades would improve the distribution of power supply by the DisCos. The Nigerian Electricity Regulatory Commission (NERC) announced it has approved the sum of N121.92 billion for Ikeja Electric Plc infrastructure upgrade for the next 5 years and also N93.76 billion for Eko Electricity Distribution Company (EKEDC) infrastructure upgrades within the same period. The NERC disclosed this in its Performance Improvement Plan (PIP) and Extraordinary Tariff Review Application which was released on Monday and signed by  NERC’s Chairman, Mr Sanusi Garba and Mr Dafe Akpeneye, Commissioner, Legal, Licensing and Compliance. PIP and Capital Expenditure (CAPEX) programme is expected to take effect from July 1, 2021 to June 30, 2026. The NERC said the approve...
Ikeja Electric meters over 120,000 households

Ikeja Electric meters over 120,000 households

Power
Ikeja Electric Plc (IE), said it has metered over 120,000 households between 2018 and June 2020, in line with its commitment to bridging its metering gap. Spokesman for the distribution company (DisCo), Felix Ofulue, said to achieve the mandate of the Nigerian Electricity Regulatory Commission (NERC), to bridge the metering gap and reduce the incidence of estimated billing, Ikeja Electric doubled its efforts to realize its objective of metering all its customers in the shortest possible time. “The company plans to meter another 400,000 customers over the next two years. Apart from eradicating estimated billing, Ikeja Electric’s metering programme has also provided jobs, directly and indirectly, for thousands of Lagosians and Nigerians in general, particularly during the lockdown,” he s...