Global oil giants, Shell, has stated its readiness to invest $2 billion in Kano Electricity Distribution Company in the next three years.
The company’s plan to improve and expand the distribution segment of the power value chain in northern Nigeria was disclosed by Jamil Isyaku Gwamna, Managing Director of Kano Electricity Distribution Company (KEDCO).
Gwamna who made the disclosure during the inauguration of 170 new 500 KVA transformers in Kano on Tuesday disclosed that KEDCO inherited a dysfunctional power supply system that required enormous investment to transform it, further stating billions of Naira had been committed to it in the last five years.
According to experts, the investment by Shell is substantial, in the sense that it will go a long way in resolving several of the challenges faced by electricity consumers in that part of Nigeria, as many communities that have never been connected to the national grid stand a good chance of enjoying power supply as a result of the investment.
Recall that KEDCO serves many densely populated states in the northwest geopolitical zones including Kano, Jigawa and Katsina States.
Gwamna assured the public that KEDCO would commence sale of prepaid metres in July. According to him, the idea is aimed at curtailing the increasing trend of undue outrageous billing of electricity consumers. Consumers are at liberty to choose between the two types of metres that will be supplied.
The first type comes in three and goes for N69,000 while the other has one phase and costs N37,000. The flexible repayment plan for acquiring the metres will afford consumers to pay in instalments.
Gwamna advised interested customers to pay upfront in offices within the franchise areas.

Leave a Reply