The new owners of the Kano Electricity Distribution Company (KEDC), Sahelian Power SPV Limited, said it had injected over N500 million into the KEDC since takeover in November 2013.
The Managing Director, Sahelian Power SPV Limited, Dr Jamil Gwamna, stated this in a statement in Abuja signed by the Head, Public Communications, Bureau of Public Enterprises (BPE), Mr. Chigbo Aniechebe.
Gwamna, represented by the company’s General Manager, Human Resource and Services, Adamu Salihu, said this when a post privatisation monitoring team BPE visited the company.
According to the statement, the amount was used to conducted infrastructural upgrade of the Kano electricity facilities.
“The company which covers three North-West States – Katsina, Kano and Jigawa, carried out infrastructural development projects in the areas of upgrade of Shuwarin S/S from 300KVA to 500KVA.
“Also, 11/.415KV in March 2014; Radio House 200KVA, 11/.415KV S/S in March 2014; Ashton Road 300KVA, 11/.415KV Relief S/S in April 2014; upgrade of Ashton Road S/S from 300KVA to 500KVA and 11/.415KV in April 2014.
“Also, operational vehicles were procured, investments in IT, customer billing, establishment of NERC Forum offices for customer complaints in all its business units, network upgrade and renovation and furnishing of the NERC Headquarters,” he said.
It said that the company had registered and billed additional 19,969 customers since takeover.
The statement added that the company was currently in the process of acquiring 100,000 prepaid metres for supply to its customers.
The statement quoted the Director-General, BPE, Mr Benjamin Dikki, as saying that the visit was to ascertain the level of compliance by the core investor to the Post Acquisition Plan.
He said that the Federal Government had placed so much value on the power sector reform.
Dikki said the visit was also to ensure that the obligations agreed by Sahelian Power SPV Limited were being religiously carried out.
The Federal Government, through the BPE on Nov. 1, 2013, handed over KEDC to Sahelian Power SPV Limited after the company’s payment of 100 per cent of its bid amount of $135.6 million.