EEDC Cumulative Loss of N32bn, Spends N20bn on Metering Since Inception

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The Enugu Electricity Distribution Company (EEDC) said that prepaid meters would be available to every home and organisation in the zone to solve the issues of outrageous bills.
Steve Dike, the Managing Director of EEDC stated this in an interactive section with Enugu coalition of Business and Professional Associations (ECOBPA).
He said the company has spent over N20 billion in metering since it took over form PHCN and also have cumulative loss of about N32 billion.
Dike said EEDC has thrown away all the existing prepaid meters on discovery that all the existing meters have been compromised.
He said that they have decided to fix the meters on the poles to avoid repeat of what happened in the past.
In his words, “This time we are going to put our meters on pole, they are going to be smart meters in the sense that if you tamper with it electronically we will know that would also solve some of the problems that we have.”
He said that the metering programme has started and that they are looking at two hundred thousand meters within the next one year.
He added, “Every two months we are goning to have five thousand on ground so that they will be bringing in more as they go, because we do not want to have a lot of them on ground where they will beginning to miss.”
Dike said they have to take all the steps to ensure that meters are properly secured, because in Onitsha somebody took a meter to China and produced exactly the same meter with the same serial number but EEDC were lucky to discover it, saying that it is only in the south east that they have what they call clone meter and that was why they are bringing the meters in batches so that it will be monitored.
He said that they have to delay and start all over again when they discovered that 98 percent of meters in Awkunanaw where EEDC have the bulk, are by- passed and they are prepaid meters.
He further said, “So we have to stop our first contract, we have started our metering programme, we have awarded all the contracts for metering what we want to do is to start with all our commercial customers the high demand customers who are about 4600. But the shocker is that majority of the high customers, their integrity are questionable.”

Nigeria Today


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