THURSDAY, 20TH OF JUNE 2019. 05:09:30
Abuja Electricity Distribution Company (AEDC) is one of the 11 power distribution companies that was successfully privatized and handed over to new investors on 1 November 2013. KANN Utility Limited (KANN) is the 60% equity holders in AEDC. The Federal Government of Nigeria holds 40% equity in AEDC. AEDC has a franchise for the distribution and sale of electricity across an area of 133,000 km2 in the Federal Capital Territory, Niger State, Kogi State and Nassarawa State. The company was established in 1997 and ranked fourth among the eleven Nigerian distribution companies for electricity purchased and distributed. Within its franchise area, AEDC is also responsible for owning and maintaining the distribution network and supporting equipment. In addition AEDC is required to manage meter installations, carry out servicing and billing, co-ordinate consumer credit and revenue collection. The company is organized into 26 geographic business units and 2 undertakings. AEDC is cognizant of the requirement to maintain power quality in line with prevailing Nigerian regulations as set by NERC in their Customer Service Standards of Performance, together with Internationally accepted standards (IEC 60050: Generation, Transmission and Distribution of Electricity). It is for this reason that the Company has placed, as a priority, plans to improve power supply and technical efficiency through investment in the network to reduce electrical losses.