KEDCO to intensify debt recovery in 2019
Bukola Odufade is Businessamlive Reporter.
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Kaduna Electricity Distribution Company will be more aggressive in its drive to recover all outstanding electricity bills next year in order to bridge its revenue deficit, in an attempt to make enough revenue to meet its obligations.
According to a statement by Abdulazeez Abdullahi, the company’s head, Corporate Communications, the company is hoping to at least attain 80 percent billing and collection efficiencies, saying that “our monthly target should not be anything less than N3.6 billion if we are to meet our obligations to the electricity market.”
Haruna while lamenting about the huge revenue deficit currently being experienced by the company, which stood at over N2 billion every month, said that “the company is taking energy worth about N4 billion every month from the national grid and only about N1.7 billion is being realized monthly.
The electricity boss also directed the departments concerned to focus on identifying all unregistered electricity consumers in the company’s franchise and ensure that all unregistered electricity users are captured in the billing programme accordingly and the revenue collected.
He also charged the staff of the electricity distribution company to work as a team and key into the current ICT revolution, stating that the company has developed some value addition applications that will inject more efficiency in work processes and service delivery, but are not being optimally utilized by some personnel.