Home Business NERC presses KAEDC Interim Board to implements immediate interventions to reset, making...

NERC presses KAEDC Interim Board to implements immediate interventions to reset, making asset viable

52
0
NERC Interim Board
Real Business Needs Real Banking

TUE AUG 18 2026-theGBJournal| The Nigerian Electricity Regulatory Commission (NERC) has tasked the newly constituted Interim Board of Special Directors of Kaduna Electricity Distribution Plc (KAEDC) with implementing immediate interventions to reset the utility company and restore it to a sustainable growth trajectory within 12 months.

NERC Chairman, Dr. Musiliu Oseni, gave the charge on Monday, 17 August 2026, while addressing members of the Board and the Interim Administrator of KAEDC.

He recalled that the Commission had undertaken a similar intervention in 2024, which resulted in significant improvement in the performance of the Distribution Company (DisCo) before the erstwhile investors resumed control.

“We expect a lot from you, and the Administrator will bring you up to speed to ensure that you meet the target within one year. Most importantly, we want to begin to see progress immediately,” Dr. Oseni said.

He identified KAEDC’s high Aggregate Technical, Commercial and Collection (ATC&C) losses and significant metering deficit as critical areas requiring urgent attention.

Also speaking, the Director-General of the Bureau of Public Enterprises (BPE), Ayo Gbeleyi, highlighted the various metering programmes available to KAEDC, urging the management to leverage these initiatives to close the metering gap across its franchise area.

NERC Commissioner for Legal, Licencing and Compliance, Dafe Akpeneye, said the members of the Special Board were carefully selected based on their diverse professional expertise and relevant skills.

In his remarks, the Chairman of the board, Dr. Abdullahi Garba, pledged that the Board would work closely with NERC and BPE to address outstanding issues, strengthen KAEDC’s operational and financial performance, and ultimately make the DisCo viable, saleable and a model for improved performance in the Nigerian Electricity Supply Industry.

Other highlights of the meeting include:
· A task to the board to demonstrate measurable improvements in the company’s performance.
· Ensuring prudent and effective utilisation of funds to achieve improved performance obligations.

· Deploying the board’s expertise effectively to restore KAEDC’s market performance.

· Commitment from the board to work with NERC and BPE to achieve the objectives of the intervention.

NERC had, through Order No. NERC/2026/08, dissolved the Board of Directors of KAEDC following repeated failures to meet market obligations and other prescribed performance indices.

The Commission subsequently constituted a five-member Interim Board of Special Directors, chaired by Dr. Abdullahi Garba, for an initial period of one year, alongside an Interim Administrator, Abubakar Umar Hashidu, appointed for an initial six-month period, to drive the reset of the DisCo.

X-@theGBJournal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

 

 

Real Business Needs Real Banking
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted