This development was made
known by the Deputy Head, Infrastructure Finance office of the CBN, Elder Boma Benebo, during unveiling of
62,021 energy meters financed under the new scheme at Kano Electricity Distribution Company (KEDCO) in Kano. According to
him, the scheme is both consumer-friendly and stakeholders-friendly.
Elder Benebo also revealed that one year after the commitment, CBN had disbursed N64b, which was 30 per cent of the total facility.
Elder Benebo also revealed that one year after the commitment, CBN had disbursed N64b, which was 30 per cent of the total facility.
In his own words: “The CBN was expected to provide a banking sector led
intervention to provide liquidity to settle legacy gas debts and computed
revenue shortfalls, which would be used for permitted expenditure under certain
agreements.”
He added that the facility
was expected to be used for approved activities like turn around maintenance to
achieve capacity recovery by power stations, purchase of smart and single
phase meters, rehabilitation of transformers, procurement and construction of
new distribution sub-stations and other confirmed utilisation.
Earlier in his speech, the
Chief Operating Officer of KEDCO, Mr.
Rahul Singh, assured that the company would do its best to see that their
services were improved for the maximum use of their consumers and all other
stakeholders. The unveiled meters were 62,000 in number, while 38,000 more are
expected next year. Among the procured meters there were single phase, three
phase and maximum demand for companies. They were also normal and smart prepaid
meters.
No comments:
Post a Comment