Debt Recovery: PHED Seeks NACCIMA’s Support

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Worried by the huge outstanding debt of electricity bill, the Port Harcourt Electricity Distribution Company (PHED), has sought for support from the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture, NACCIMA in debt recovery.
Chief Executive Officer, PHED, Naveen Kapoor made the appeal while receiving members of the Association in his office who were on courtesy visit as part of the activities marking the 3rd Quarterly Council Meeting held in Port Harcourt, the Rivers State capital.
Kapoor expressed dissatisfaction over non-payment of electricity bills by various categories of customers amounting to over N138.5 billion as at close of business in July 2018. In his breakdown of the amount, Ministries, Departments, Agencies, (MDAs) are indebted to PHED to the tune of over N10.2billion while premium customers otherwise known as Maximum Demand, (MD) and Non MD, mostly residential customers were owing N13.7billion and N123.2billion respectively.
On energy theft, the PHED boss said that the company was losing over N3billion annually, a situation if continued unabated would further plunge the company into serious financial difficulties.
The energy theft according to him was usually done through diversion of load and outright meter by-pass.
Other challenges faced by the company, Kapoor said, include entitlement mentality where some people erroneously believe that electricity should be free based on the fact that the oil came from their region.
He did not forget to also include non- cost reflective tariff in the industry, non- implementation of minor tariff review and regulatory uncertainties.
The CEO therefore, sought for the involvement of MAN in assisting PHED get attention of the government at various levels with a view to combating the enormous challenges facing the company.
“We appeal to you to use your good offices in the various ministries to influence the federal government in settling the prolonged outstanding MDA debt and reduce the collection loss of PHED thereby enabling the company to invest more in her network”, Kapoor appeled.