The Ibadan Electricity Distribution Company IBEDC has said that more than N11. 5 billion has been invested in metering, network upgrading and rehabilitation of its network operations in the last six months.
IBEDC’s Managing Director, Mr John Donnachie, stated this during the media facility tour and equipment inspection to the company’s franchise areas.
Mr John Ayodele, the company’s Chief Operating Officer who represented the CEO said that the company’s has invested huge amount on major capital projects to fast track efficiency.
According to him, “as part of our unwavering commitment to our mission in distributing efficient power and changing lives, we have in the past six months invested over N11.5 billion in major capital projects.”
“The investment span cut across our franchise area covering – Oyo, Ogun, Osun, Kwara; parts of Kogi, Niger and Ekiti States. “These projects are major game changers for IBEDC as a business and for our esteemed customers, which have significantly improved our service delivery, quality and quantity of power supply,” he said.
He said that company has commenced the procurement and installation of over 11,000 Distribution Transformer DT meters which cost over N4 billion.
He said that the DT meters will greatly reduce the challenge of estimated bills and ensure customers without meters are billed more accurately through its energy audit, accounting functionalities, and above all, assist in the Technical and Commercial losses.
“In line with reducing the incidence of estimated bills, we have commenced our meter roll out with a first batch of 48,470 meters of various ratings and capacities” he said.
“This includes 35,000 single-phase, 12,000 three-phase, 1,470 whole current, C.T-Operated and statistical meters which cost over N3.1billion, ahead of the MAP initiative currently being finalized by NERC and the DISCOs.
“The continuous metering of Maximum Demand customers is also in place with the deployment of 13 High Voltage Energy Meters and delivery of 912 Low Voltage Maximum Demand Energy Meters which cost of N405 million.
“To further support the huge metering expenditure, we have invested extensively in the supply and installation of Advanced Metering Infrastructure (AMI) systems at over N1billion, this investment is critical to optimally implement the functionalities of DT Meters”.
“As we speak, we have recently received 95 per cent of the Credited Advance Payment for Metering Implementation (CAPMI)meters for deployment for those that paid,” added.
The lBEDC boss said that to further reduce safety related accidents and to achieve the vision zero and safety culture of the company, the board has awarded a whopping sum of N1.47 billion for a major overhaul of the Health, Safety and Environment department.
He said that the project will deliver on over 60 critical need areas with major focus on procurement and deployment of PPEs, IPEs, signages, labels and symbols.
Donnachie said that the project is expected to map the layouts of 114 substations to develop conceptual site models, training on emergency techniques, solid waste and hazardous management programme, production of occupational health and safety environmental policies and framework for all technical and non-technical staff.