KEDL Lost N10. 8bn in 9 Months – MD

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By Thompson Yamput

Kogi Electricity Distribution Ltd. (KEDL) says  it  lost  N10.8 billion in nine months to energy theft and underpayment of bill  by its customers in the state.

KEDL acting Managing Director,  Mr Olaseni Agunpopo made the disclosure at a town hall meeting on the establishment of a Special Court for Electricity Theft and Related Offences,  held in  Lokoja.

Agunpopo said that KEDL gets  an energy supply of N1.8 billion monthly but could only collect N600 million monthly on the average, leaving a shortfall of N1.2 billion monthly.

He said aside the loss of N3.6 billion  to electricity collection, owing to consumers underpayment of bills, N7.2 billion loss  was as a result of meter by-passing,  tampering and illegal connections by consumers in the state.

Agunpopo said that such huge loss would not be tolerated, considering its negative impact on investors, consumers and the economic growth of Kogi and Nigeria as a whole.

“This explains why the Kogi Government, through the Kogi Electricity Regulation Commission, established a Special Court toward addressing energy theft and related offences in the state.

“Therefore, this town hall meeting marks a critical step in our collective effort to address one of the most persistent challenges confronting the electricity sector — energy theft.

“This menace has continued to undermine the progress we strive to achieve in ensuring reliable and sustainable electricity supply, ” he said.

According to him, it has led to huge revenue losses, destruction of vital infrastructure, risks to human life, and places an unfair burden on our honest and law-abiding customers.

The managing director urged  residents to cooperate with KEDL to ensure a steady supply of electricity and dealing with the menace of theft and other related offences hampering growth and development in the state.

In his remarks, the Chairman, Kogi State Electricity Regulatory Commission (KERC) Ibrahim Abdwaaris, said that  establishment of the electricity theft task force, and  special courts by the state  is a bold and progressive step toward protecting investments in an emerging state electricity market.

Abdwaaris argued that electricity theft undermined, not only the financial viability of distribution companies but also the stability and reliability of electricity supply to honest consumers.

“Kogi government remains resolutely committed to creating an enabling environment where investors can operate profitably while consumers receive fair, reliable, and affordable service.

“The success of this effort depends on continuous cooperation, transparency, and mutual respect among all stakeholders.

“As your regulator, the KERC will continue to provide guidance, oversight, and support to ensure that this framework achieves its purpose, ” he said.

The News Agency of Nigeria (NAN) reports that  participants from the 21 local government areas of the state were allowed to ask questions, and answers were given on  grey areas requiring clarifications.  NAN

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