DisCos rake in N1.10trn revenue in 6 months
The Nigerian Electricity Regulatory Commission (NERC) reported that Distribution Companies (DisCos) generated N1.10 trillion in revenue over six months, despite some customers failing to pay for electricity. Eko Electricity Distribution Company (EKEDC) and Ikeja Electric were among the top earners, while Abuja Electricity Distribution Company (AEDC) and others also billed customers.
Notably, Kano Electricity Distribution Company (KEDCO) collected the most revenue in June. In related news, Future Energies Africa (FEA) and Bagaja Renewables Limited completed a 500kWp renewable energy project in Kafin Hausa, Jigawa State, with plans for a 10MWp output capacity.
KEDCO's Head of Corporate Communication, Sani Bala, highlighted the project's importance in expanding electricity access and reliability in the region, with further projects in the pipeline. Governor Umar Namadi of Jigawa State is expected to lead the commissioning of.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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