The Kano Electricity Distribution Company (KEDCO) has reported substantial improvements in performance, including a reduction in aggregate technical, commercial, and collection (ATC&C) losses, following its acquisition by Future Energies Africa.
In a statement issued by KEDCO’s Head of Corporate Communications, Mr. Sani Sani, the company recorded an 80% billing efficiency in June 2024, an increase from 75% in January 2024. Furthermore, KEDCO reduced its ATC&C losses by almost 20 percentage points, reaching a record low of 42%.
Since Future Energies Africa acquired a majority stake in KEDCO in November 2023, the company has embarked on reforms aimed at transforming its operations and ensuring financial self-sufficiency. This includes investments in infrastructure, improved service delivery, and the resolution of key challenges.
One of the notable achievements is the improved power supply to about 52 feeders, with 11 of these feeders upgraded to receive between 20 to 24 hours of electricity daily. These improvements are attributed to the strategic investments and mechanisms adopted by KEDCO’s Board and Management, supported by the core investor.
KEDCO also resolved a dispute with the Manufacturers Association of Nigeria concerning the April 2024 supplementary tariff order. The company adopted a customer-centric approach, calling for reconciliation and reaffirming its support for businesses and economic activities in the region.
Additionally, KEDCO revamped its top management, bringing in experienced professionals like Engr. Kassim Burkullu as Chief Technical Officer, Dr. Abubakar Jimeta as Chief Commercial Officer, and two veterans to lead special projects and customer solutions.
The company has invested over ₦1 billion in deploying over 100 high-voltage smart meters and 3,000 prepayment meters on Band A feeders. Check meters have also been installed on commercial feeders with high losses, contributing to improved power distribution and collection efficiencies.
KEDCO’s management aims to achieve a 25% reduction in ATC&C losses by year-end, while meeting 100% of its market obligations as the Nigerian Electricity Supply Industry (NESI) transitions to a bilateral trading market.
Acting Managing Director Abubakar Yusuf emphasized the importance of collaboration with government, traditional leaders, and community partners to drive progress, stating, “If KEDCO succeeds, our communities succeed, so it has to be a team effort.”
