Interstate Consortium has rolled out its plans for the Enugu Electricity Distribution Company and is set to begin operations with a private sector model.
This is coming after the consortium signed an agreement with the Federal Government alongside other bid winners for the Power Holding Company of Nigeria successor companies. Interstate emerged the bid winner of Enugu Disco.
The firm, in a statement on Tuesday, said it would set the pace for electricity distribution in Nigeria, leveraging system efficiency and good corporate governance standards.
The Chairman, Power House International, a member of the Interstate Consortium, Mr. Kester Enwereonu, said the Interstate Electricity Distribution Company, led by the Metropolitan Electricity Authority of Thailand, was wholly profit- oriented and came with a model that could compete adequately with private sector models worldwide.
According to him, the consortium will upgrade the network and deliver quality service to its customers.
Apart from its financial stance, Enwereonu said the group also boasted of solid experience.
He said, “For instance MEA distributes electricity in the Thai capital city of Bangkok and environs, and is reputed to be one of the most efficient third world power distribution companies with record technical and commercial losses of below five per cent over the past eight years.
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