The Management of the Ikeja Electricity Distribution Company has said it is working in conjunction with its technical partners, Korea Electric Power Company (KEPCO) to ensure meter accuracy and loss reduction within its network.
Speaking during the oversight visit of the Senate Committee on Privatisation to IKEDC, Engr. Abiodun Ajifowobaje, MD/CEO, IKEDC said the company had made significant progress in its quest to ensure a robust metering system that will enhance accuracy in billing.
Ajifowobaje said KEPCO was spearheading an exhaustive review of IKEDC’s network to achieve the introduction of effective meters as well as promote reduction of energy losses through continuing upgrade and optimization of the company’s installations and facilities.
“IKEDC is working with KEPCO to provide a strategic solution to metering that takes cognizance of the needs of all customers within the network. I am happy to report that with the adoption of new technology we have made substantial progress in this regard and remain committed to ensuring that all our customers are adequately metered,” he said.
Chairman of the Senate Committee on Privatisation, Senator Gbenga Obadara commended the efforts of the current administration in the power sector adding that the committee was committed to working with all stakeholders to ensure the nation achieves its quest for a robust power sector.
“Our oversight function has seen us embark on visits to the various PHCN successor companies in line with our resolve to facilitate an accelerated march towards transforming the nation’s economy through uninterrupted power supply. Those visits have thrown up several issues. But I remain confident that the nation will ultimately achieve its objectives in the power sector,” he said.