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Eko DisCo plans to improve network
- To invest ₦18.75 billion annually over the next five years
- NERC approves PIP
The Management of Eko Electricity Distribution Company (DisCo) has in its Performance Improvement Plan (PIP) laid out its plans to improve performance over the next five years. The Nigeria Electricity Regulatory Commission (NERC) has approved the PIP for all DisCos.
According to Eko DisCo, the TCN has only enough capacity to meet the demands of nine of its twelve transmission sub-stations. Eko DisCo says this may reduce further if the TCN fails to invest in its network infrastructure.
The Eko DisCo PIP will take effect in July 2021 till June 2026. According to the PIP, Eko DisCo plans to reduce its Aggregate Technical Commercial and Collection (ATC&C) losses by 23.08% from 26% to 20% in the next five years. It also plans to increase customer metering by 100%.
Under its PIP, Eko DisCo will spend the sum of ₦18.75 billion annually.