The Bureau of Public Enterprises has told Kaduna Electric that the federal government may soon reveal its position on the debts owed the 11 Distribution companies (Discos) by the Ministries, Departments and Agencies.
Speaking during an inspection visit, the Deputy Director on Post Privatisation, Mallam Rabiu Abubakar Abba while responding to the challenges of the Disco said,
Very soon the government will come out with a position particularly on the debts owed Discos by Government Ministries Departments and Agencies (MDAs) as well as issues of liquidity bedeviling the sector.
In his address, the Managing Director of the Disco, Engr. Garba Haruna said the whole process of privatisation is to reduce losses and increase efficiency in the power sector. He noted that the agency is part of Kaduna Electric as the government owns 40 per cent equity while BPE represents its interest on the Disco’s board. The Deputy Director, Enterprises at BPE, Mr John Olalekan Joseph tasked other Discos on deploying similar GPS technology saying it would bring down significantly then commercial losses of the firms