‘Jos Disco records N5bn losses monthly’
By Kingsley Chukwuka
The Jos Electricity Distribution Company (JED) disclosed that its staggering monthly loss of N5 billion stems from inadequate equipment upgrades, such as replacing burnt transformers and cables, alongside enhancing existing infrastructure.
Investing in network maintenance is essential to bolster service efficiency for its multitude of customers and curtail revenue hemorrhage, the company emphasised.
In a bid to mitigate losses and bolster maintenance efforts, JED has partnered with GRM, specialising in energy solutions, to address Aggregate Technical Commercial (ATC) and collection losses, according to Dr. Friday Elijah, the company’s spokesperson.
Expressing concern over the dire financial trend, Alhaji Ibrahim Bello, Chairman of the Board of Directors, stressed the urgency to halt and reverse the trend, cautioning that persistent losses could jeopardize salary payments.
READ ALSO: Falana writes AGF over NLC planned mass protest
With the introduction of GRM as a strategic partner, the company aims to foster sustainable growth and stability by intensifying network investments, Bello emphasised.
Alhaji Mamanlafia Umar, the Chief Operating Officer, conveyed the management’s commitment to steer JED out of its current predicament, expressing gratitude for the Board’s support.
The company stated its determination to navigate its way forward, transforming challenges into opportunities for progress
