Emmanuel Katepa is the Chief Executive Officer/Managing Director of Copperbelt Energy Corporation (CEC), a core investor in the privatised Abuja Electricity Distribution Company (AEDC). In this interview, Katepa speaks of AEDC’s strategies to raise monthly remittances for bulk energy from the Generation Companies (GenCos) from 35 per cent to 60 per cent before year end. Excerpts


Could you tell us the performance of AEDC in recent times?

We have had a fairly interesting year but it has been challenging and the challenges are both internal and external. In terms of broad figures, the last time we talked, we were probably on a monthly collection of about N4.5 billion but since then, that has steadily improved to a point where last month we were at N5.99bn. Partially that is due to the improved energy and also, our Aggregate Technical, Commercial and Collection (ATC&C) loss levels have been coming down and so, like last month, we were below 40 per cent on ATC&C. These are fairly solid operational improvements.

Read more...http://energyworthonline.com/2018/05/01/were-determined-to-make-60-monthly-remittance-to-nbet-emmanuel-katepa-ceo-copperbelt-energy-corporation/