The New owners of the Eko and Ikeja Distribution Companies (DISCOs) are to benefit from the over 1,214 installed Low Voltage Distribution Transformers (LVDT) being installed by the Niger Delta Power Holding Company (NDPHC) in Lagos and its environs.
According to NDPHC, owners of the National Integrated Power Projects (NIPP), the new LVDT is to help the in-coming investors reduce the Aggregate Technical, Commercial and Collection Loss Reduction (ATCCLR) for consumers in Lagos.
However, NDPHC pointed out that the new owners are to invest more on the LVDT if they are to meet the target of 20 per cent reduction of technical loss in the next five years of operations. 'Lagos alone needs over 10,000 of LVDT in the next two years to attain a minimum power loss', they said
A breakdown of the commissioned LVDT by NDPHC in Lagos recently revealed that Ikeja Electricity Distribution Company got the lion share of 966, while Eko Electricity Distribution Company received 248.
Olotu who handed over the LVDT in Lagos said that about 22,500 of such micro transformers will be commissioned before the end of this year across the country to boost power delivery and reduce technical power loss.
The NDPHC boss who declined to name the cost of the project said the project is nine- in- one contract spread throughout the nation. He added that three of such projects have been completed in the country. He said that the transfer which was designed to eliminate technical loss of power during transmission and distribution to end users was part of government gesture of adding value to the privatisation of the power sector.
The Chief Executive officer of Eko Distribution Company of Nigeria, Engineer Oladele Amuda who spoke at the commissioning held in Mushin, Lagos where 248 transformers are located commended President Goodluck Jonathan ,Vice President Namadi Sambo the Management of Niger Delta holding Company and the contractors for the completion of the Project that will reduce technical loss as well boost power delivery to end users in the area.
The Chief Executive officer Ikeja distribution company of Nigeria, Engineer Chris Akamnonu who spoke at the ceremony held at Ikorodu, Lagos where 966 transformers were installed commended the Federal government for taking the bold initiative of reducing technical loss and boosting power delivery to the end users in the area.
He described the installation of the transformers as a harvest of power projects in boosting power delivery in the country