AEDC Cuts Losses by 10% and Deploys 70,000 Meters

The Abuja Electricity Distribution Company (AEDC), managed by Chijiok Okwuokeny, has successfully reduced its aggregate technical and commercial losses from 42% to 32% within one year. This achievement is attributed to the deployment of 70,000 meters over the past 14 months as part of various initiatives, including the Meter Asset Fund and the Distribution Sector Recovery Program.

The company has increased its energy intake by nearly 15% compared to the previous year, which has improved service delivery and customer confidence. AEDC plans to build three 10-megawatt solar plants around Lokoja to meet growing demand and ensure that residents are not adversely affected by reduced grid supply.

The company is also addressing energy theft and vandalism, which have been significant challenges, and aims to stabilize power supply in Abuja and neighboring states. AEDC is focused on value creation rather than merely increasing tariffs, with the expectation that improved supply and reduced losses will eventually lead to lower prices.