THE Kaduna Electricity Distribution Company (KAEDC) said it has commenced discussion with the relevant Federal government agencies to resolve issues about a sanction threat the Nigerian Electricity Regulatory Commission (NERC) had issued it.
The NERC had served the KAEDC a notice to revoke its licence for underperformance.
In a statement the DisCo’s management issued Wednesday, it assured its customers that it was already engaging stakeholders while expressing confidence that with government’s intervention, outstanding issues with the NERC would be sorted out.
While acknowledging awareness of the regulator’s 60-day Notice of Intention to Cancel its operating licence, the KAEDC expressed the hope that its ongoing engagement with the commission, the Bureau of Public Enterprises, lenders, and other stakeholders would address the long-running and current issues at the company.
“We will continue to provide electricity in our Franchise Area – Kaduna, Kebbi, Sokoto and Zamfara States – with the utmost sense of duty and professionalism,” the statement read in part.
The NERC had, in a notice dated May 15, 2023, threatened to revoke the operating licence of Kaduna Electric following its protracted insolvency and inability to discharge its financial responsibilities to the Nigerian Bulk Electricity Trading Plc (NBET) and other stakeholders.
According to the notice, the DisCo had 60 days from the date the notice was served to defend its licence against revocation for underperformance by the Nigerian electricity umpire.
Harrison Edeh is a journalist with the International Centre for Investigative Reporting, always determined to drive advocacy for good governance through holding public officials and businesses accountable.