The Abuja Electricity Distribution Company ( Abuja Disco) is set to inject $200 million into its network expansion scheme over the next five years, as part of its approved capital expenditure programme.
The Abuja Disco unveiled its 10-year tariff review plan to its customers at an extra-ordinary consultative forum held in Abuja recently.
The Managing Director/CEO of the AEDC, Neil Croucher, at the customers’ forum in Abuja, announced that the proposed tariff review was, to among others, provide a cost reflective tariff to facilitate the attraction of private capital into the sector since the current tariff does not cover the cost of producing and distributing electricity.
The CEO stated that, “AEDC needs to inject $200 million over the next five years as part of its approved capital expenditure programme. He added: “We will install 500,000 meters, 100,000 per annum for a period of five years after we must have completed the pilot scheme of free meter installation totalling 35,000 for which Minna in Niger state and Life Camp in FCT have been selected as test areas. These projects are currently being rolled out”.
