https://www.accessbankplc.com/ https://www.accessbankplc.com/ https://www.accessbankplc.com/
ADVERTISEMENT
  • ABOUT US
  • CONTACT US
  • Latest Naija News Today
  • Privacy Policy
  • TheGeniusMedia – Latest News, Naija News, and World News
Tuesday, February 3, 2026
The Genius Media
  • Login
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports
No Result
View All Result
The Genius Media
No Result
View All Result
First Bank Ad First Bank Ad First Bank Ad
ADVERTISEMENT
" data-ad-slot="">
ADVERTISEMENT

S/East gets 9% of energy generated in Nigeria-EEDC

Tgmedia by Tgmedia
July 19, 2017
in Energy
0
" data-ad-slot="">
ADVERTISEMENT

A Director in the Enugu Electricity Distribution Company (EEDC), Dr Steven Dike says that only nine per cent of energy generated in the country is allocated to the South East zone.

Dike, a board member of the company told the News Agency of Nigeria (NAN) in Enugu on Thursday, that the amount was inadequate.

RelatedPosts

BREAKING: Fuel Price To Increase Again As Dangote Refinery Moves To Stop Supply To Nigerian Market

BREAKING: 46 Years After, Shell Nigeria Rename To Renaissance Africa Energy Company Limited

NMDPRA: Nigeria’s CNG conversion Capacity Increases By 2500%

The director said that the volume of energy sourced by distribution companies was the only way to serve customers in a more efficient way.

He, however, said that the company was striving hard to serve its customers better even in the face of the shortcoming.

ADVERTISEMENT

Dike said that as the power network was not designed for optimisation, the company tries to juggle power between industrial and residential areas within the zone.

The director explained that the prevailing circumstance had resulted to giving power to industrial areas in the day time, while residential areas were powered in the evening hours.

“We are doing load-shedding to make sure that everybody is happy. We shut out some people in order to serve other areas and vice versa,” he said.

Dike said that customers needed to understand the dynamics of power distribution business, adding that the company would only give out what it got from transmission companies.

“People do not understand the issues in power generation, transmission and distribution and that the volume of light you get is the only way to succeed.

“Our business is to sell light and we cannot give out more than the volume allocated to us,” he said.

" data-ad-slot="">
ADVERTISEMENT

Dike said that in spite of the inadequate volume of energy allocated to it, the company was also battling with energy theft by customers.

He said that the amount of energy lost in the zone was incredible, adding that it was well over 50 per cent in 2013 when they took over the company.

“We inherited a culture of corruption and because of the level of loss; we import over N4 billion worth of energy per month.

“When we took over in Nov. 13, 2013, government knew that the system was broken down.

“The contract was won on our ability to fix the system not on the highest bidder,” he said.

Dike said that with the wage bill of the company at N500 million, the EEDC lost N2 billion every month due to corrupt practices.

He said that the company had to grapple with incidences where customers aid and abet some unscrupulous members of staff in defrauding the company.

Dike expressed the hope that the EEDC would overcome its initial challenges by serving the people best and appealed to customers to do the right thing by paying their bills.

Share this:

  • Click to share on WhatsApp (Opens in new window) WhatsApp
  • Click to email a link to a friend (Opens in new window) Email
  • Tweet
  • Click to share on Telegram (Opens in new window) Telegram

Like this:

Like Loading...
" data-ad-slot="">
Previous Post

Educationist wants investment in vocational, technical education

Next Post

Yam growers bemoan non-inclusion export drive

Related Posts

Energy

Lafarge to inject 30MW to national grid in 2018

by Tgmedia
August 12, 2017
0

Lafarge Africa Plc says it has concluded plans to inject about 30 mega watts of electricity into the national grid...

Read moreDetails

BREAKING: FG To Meet With NLC And TUC By 7pm – FUEL/TARIFF HIKE

September 27, 2020
Nigeria-Morocco Gas Project

MINISTER: Construction Of Nigeria-Morocco Gas Project Begins In 2024

November 27, 2023
Next Post

Yam growers bemoan non-inclusion export drive

" data-ad-slot="">

About Us

Thegenius Media.com.ng is an Online Nigerian NEWS HUB with good coverage and reportage of Exclusive Stories, Daily News Updates, Politics, Entertainment, Crime, Lifestyle, Relationship Tips and Sports.

RELEVANT PAGES

  • About Us
  • Privacy Policy
  • Contact Us

Alert Us

Important Press Releases, Breaking Stories, Special Investigations: thegeniusmedia1@gmail.com

Office Address

No 26 Oroleye Crescent off Abel Oreniyi Street.
Off Salvation Road, Opebi
Ikeja, Lagos

Tel:

Copyright © 2024 TheGeniusMedia.com.ng

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • News
  • Politics
  • Business
  • Crime
  • Education
  • Health
  • Jobs
  • Sports

© TheGeniusMedia.com,ng

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from The Genius Media

Subscribe now to keep reading and get access to the full archive.

Continue reading

%d