Interstate Consortium has rolled out its plans for the Enugu Electricity Distribution Company and is set to begin operations with a private sector model.
This is coming after the consortium signed an agreement with the Federal Government alongside other bid winners for the Power Holding Company of Nigeria successor companies. Interstate emerged the bid winner of Enugu Disco.
The firm, in a statement on Tuesday, said it would set the pace for electricity distribution in Nigeria, leveraging system efficiency and good corporate governance standards.
The Chairman, Power House International, a member of the Interstate Consortium, Mr. Kester Enwereonu, said the Interstate Electricity Distribution Company, led by the Metropolitan Electricity Authority of Thailand, was wholly profit- oriented and came with a model that could compete adequately with private sector models worldwide.
According to him, the consortium will upgrade the network and deliver quality service to its customers.
Apart from its financial stance, Enwereonu said the group also boasted of solid experience.
He said, “For instance MEA distributes electricity in the Thai capital city of Bangkok and environs, and is reputed to be one of the most efficient third world power distribution companies with record technical and commercial losses of below five per cent over the past eight years.
“Prior to the privatisation programme, the CEOs of select distribution companies of PHCN visited MEA and the sister company, Provisional Electricity Authority of Thailand, which distributes power to the rest of the regions in Thailand.
“It is expected that the consortium will blaze the trail in electricity distribution. The Chrome Group and Powerhouse International Limited are promoted by Chief Emeka Offor and Mr. Kester Enwereonu, respectively. MEA is a company from Thailand that services more than millions of customers.”
A detailed insight into the structure of the company, according to the statement, shows that the Metropolitan Electric Authority of Thailand will run the company, while Chrome Energy and Powerhouse International remain co-investors.
“Interstate Consortium will run Enugu in the best professional way through global best practices. The strength of Interstate Electrics Limited derives from the global experience of its key partner and technical operator, Metropolitan Electricity Authority of Thailand,” the statement added.
