There are strong indications that two major manufacturing multinationals in Nigeria, Coca-Cola and Cadbury Nigeria Plc, may hook on to the public power supply network if their ongoing discussions with Ikeja Electric (IE) Company are finalized.
Giving this hint when a team from the Post Privatization Department of the Bureau of Public Enterprises, (BPE), undertook the monitoring of power companies in the Lagos axis last week, the Manager for the Ikeja Business Unit, Mr. Christopher Lawal, confirmed that his company’s discussions with the two entities on their intentions to source power from the public network had reached an advanced stage.
A statement by BPE’s Head, Corporate Communications, Alex Okoh, quoted Lawal as saying that two multi-national companies have been generating their power but with the privatization, plans have reached advanced stage to hook them back on the IE’s power network.
Lawal, while briefing the BPE’s visiting team, led by a Deputy Director in the Bureau’s PPM Department, Mr. Ignatius Ayewoh, said that one of the benefits of privatization was the plugging of all leakage channels, thereby raising the Unit’s monthly revenue generation from N400,000 in the pre-privatization period now to N1.1bn monthly.
Lawal said the Unit had 28 injection stations and supplies its customers with 80-100 megawatts of electricity though the required demand is 376 megawatts, adding that the management’s plan is to raise the current supply to 250 megawatts.
The Manager informed the team that the Unit had also blazed the trail in metering as 1,200 meters had been installed for customers.
Meanwhile, at the Oshodi Business Unit’s Manager, Mr. Sunday Oyewale, said that the Unit was now collecting N1.211bn monthly, compared to N602 million in the pre-privatization period.
He said because of the improvement in services, 134,000 customers were now on its network compared to 128,000 in the pre-privatization period.
The Manager expressed optimism that the figure will increase after the metering of customers.
According to him, following privatization, customers have begun to follow the rules while the older ones are being re-oriented .
Oyewale noted that for a seamless service delivery to the customers, one marketer was assigned to 900 customers as against the previous arrangement of one marketer to 1,500.
At Somolu units, the managers also spoke on the core gains of the privatization of the power sector, noting that the PHCN successor companies will continue to do their best to ensure power supply sustainability in the country.
In his remarks, the BPE team leader commended the strides recorded by the Business Units since privatization, adding that the leadership of the privatization agency is keen on seeing that owners of the new power companies fulfill the terms they signed with the government.
Source: National Mirror Nigeria