PHED Seeks NACCIMA’s Support over N139 Billion Debt

Enterprise Television- PHED Seeks NACCIMA’s Support over N139 Billion Debt

The Port-Harcourt Electricity Distribution Company, (PHED), has sought for the support from the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), in its debt recovery drive.

The Chief Executive Officer, PHED, Naveen Kapoor, made the appeal while receiving members of the Association who were on courtesy visit as part of the activities marking the 3rd Quarterly Council Meeting taking place in Port Harcourt, the Rivers state capital.

Mr. Kapoor expressed dissatisfaction over non-payment of electricity bills by various categories of customers amounting to over N138.5 billion as at close of business in July 2018.

In his breakdown of the amount, Ministries, Departments, Agencies, MDAs are indebted to PHED to the tune of over N10.2 billion while Premium customers, otherwise known as Maximum Demand, MD and Non MD, mostly residential customers were owing N13.7 billion and N115.2 billion respectively.

On energy theft, he said that the company was losing over N3 billion annually, a situation if continued unabated would further plunge the company into serious financial difficulties.

The energy theft according to him was usually done through diversion of load and outright meter by-pass.

Other challenges faced by the company, Kapoor said included entitlement mentality where some people erroneously believe that electricity should be free based on the fact that the oil came from their region.

He did not forget to also include non- cost reflective tariff in the industry, non- implementation of minor tariff review and regulatory uncertainties.

The CEO therefore, sought for the involvement of the Association in assisting PHED get attention of the government at various levels with a view to combating the enormous challenges facing the company.

“We appeal to you to use your good offices in the various ministries to influence the Federal Government in settling the prolonged outstanding MDA debt and reduce the collection loss of PHED, thereby enabling the company to invest more in her network.

Kapoor appealed “It is also a known fact that non- payment in any business is a killer. We appeal to our maximum demand customers to pay their bill as at when due.”

The CEO said that over 300,000 meters have been installed to bridge the metering gap in the system while 23 critical feeders have been created with a view to improving supply to the industrialised areas.

Kapoor noted that enumeration of consumers had kicked off with the aim of curbing estimated billing and improving on service delivery.

The CEO said “Aggressive customer enumeration is on-going which will increase customer database with improved billing efficiency.”

The National President, NACCIMA, Iyalode Alaba Lawanson, while responding expressed her happiness over the warm reception accorded her members by the PHED leadership and promised to work together with company.

Iyalode Lawanson thanked the management of PHED for the platform offered the Association to interact and form a common front in the company’s desired interest in service delivery improvement.

She said that all hands must be on deck believing strongly that strength lied in unity.

“We are partners in progress. We are here to show you our solidary for partnering with NACCIMA.”

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