Ad

Wednesday, July 4, 2012

PHCN Lagos spends N2bn on upgrade

Residents still lament lack of improvements in power supply
The Eko Electricity Distribution Company of Power Holding Company Nigeria (PHCN) on Tuesday, announced it had spent over N2 billion on reinforcing and maintaining its network this year.
Speaking to journalists in Lagos, the Chief Executive Officer of the zone, Oladele Amoda, said over N500 million was spent to replace obsolete 33 KVA and 11 KVA switch gears in some parts of the state.
According to him, such replacements were made in many injection substations in Festac, Satellite, Amuwo, Ademola, Beckley, Orile, Coker, Lekki, and Oke-lra Kekere, among others.
"Another N750 million was spent to construct additional 500KVA/300KVA distribution transformers installed to reinforce the network," he said.
He added that the project would boost the country's power sector, acknowledging the financial support of the Ministry of Power.
Amoda also said that 17 Nigeria Independent Power Projects (NIPP) in the zone would be completed by the end of the year, adding that ten had already been completed and inaugurated.
He said about 28,000 pre-paid meters, single and three-phase, were installed in the last six months, while 50 KVA transformers had been distributed to various NIPP projects.
Meanwhile, a resident, Gbenga Fabowale, said there was nothing to justify the huge spending going into the country's power sector.
"We still don't have good light; all we hear is that they have spent money on this and that, but nothing to show for it," he said.

No comments:

Post a Comment