PHED Loses N2.3bn Monthly – CEO

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L-R: Consultant, International Road Safety Organization, Netherlands, Joop Goos, Chairman, Board of Transport Growth, Nigeria, Chief Osita Chidoka and Governor Nasir El-Rufai of Kaduna State, at the First International Transportation Conference in Abuja, yesterday

The Port Harcourt Elec
tricity Distribution Company (PHED) says it loses N2.3bilion monthly across the four states of its operational areas  due to energy wastage.
The Chief Executive Officer of PHED, Jay McCosky, who revealed this on Friday while unveiling two programmes of the company said the monthly loss forced the distribution firm to embark on the energy efficiency programme with a view to reducing complaints from customers on billing issues.
He said efficient use of energy would lead to lower bills and increased productivity and enhanced profit margin for commercial and industrial customers.
McCosky explained that to get knowledge about energy usage and ability to manage the consumption level would lower operating and production cost for commercial and industrial customers.
He said the firm is embarking on education and sensitization of its customers across its operation area on the importance of energy efficiency management.
According to him, PHED in its strategic plans has lined up series of enlightenment on energy efficiency in primary,secondary and tertiary institutions in Rivers,Akwa Ibom,Bayelsa and Cross River State.
‘’ Communities are not left out in the enlightenment programme aimed at promoting energy saving culture and provision of energy efficient products’’, he said.