• Wednesday, May 22, 2024
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BusinessDay

Ibadan Disco sets up team to curb aggregate, technical and commercial losses

PH DisCo in fresh turmoil as workers, Afam community stage separate demonstrations

Ibadan Electricity Distribution Company has commenced a major revenue protection campaign with a crack team of over 60 executives and officers to curb aggregate, technical and commercial losses.

Inaugurating the team in Ibadan, the chief operating officer, John Ayodele said revenue protection is needed to block leakages that could make the Company go under, and that this trend has made many Discos unable to pay their bills to the Market Operators and the Nigerian Bulk Electricity Trader (NBET).

He said lack of efficient revenue protection measures has been a major challenge as it deals with illegal consumption of power, pre-paid meter bypass, under billing, wrong tariff classification of Customers and energy theft.

The company has discovered that energy theft and meter tampering accounts for about 60 percent of revenue losses across its Franchise, between January to Oct. 2019, as it has dealt with about 1,333 cases of Meter bypass.

The setting up of the team is another initiative taken by the company to curb revenue leakages, other measures include: infrastructure-this allows for two-way communication between the meter and the utility provider to get and investigate reports and tip-offs on corruption for prosecution.

John Ayodele while receiving a delegation of the Management of the National Environmental Standards and Regulations Enforcement Agency (NESREA) in Ibadan said the losses and financial challenges in the sector is worsened by multiple taxation and huge debt by government agencies and parastatals,

Ajani Adeleke, the Zonal delegation charged every Nigerian to be environment safety conscious especially concerning environmental regulations.

In a similar development, Ibadan Disco pledged its support to the rescue operations of the Federal Road Safety Corps in Oyo state, the chief operating officer who also received the Road safety

Chukwurah touched on the need for proper earthing of houses to avoid loss of property, accidents and deaths, Chukwurah on her part promised to continue the job of keeping Nigerian roads free of accidents.