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Innoson decries N100m monthly electricity bill

He said such huge amount which the EEDC charges Innoson Industries as electricity bill could not be an encouragement to any industrialist, especially when the…

He said such huge amount which the EEDC charges Innoson Industries as electricity bill could not be an encouragement to any industrialist, especially when the same company spends as much as N60 million to buy diesel for the   several generators  located in various strategic positions inside the  manufacturing plant.
The firm, which manufactures high quality plastic products, also produces auto vehicles. “We manufacture vehicles, not just assembling them,” Chukwuma said.
Speaking in an interview with our reporter in Enugu, Chief Chukwuma emphasized that irregular power supply from the national grid was one of the major challenges facing local manufacturers in the country.
To further tackle the problem of electricity, Chukwuma said the company buys second-hand giant generators, which are usually refurbished and put into maximum use to power the company’s production processes. “I buy old generators and get them well renovated.
“After refurbishing them I put them into use and I have realized that the old generators are more durable and reliable than the new ones,” he said. “Look at some of the old ones here,” he said, pointing to a good number of old giant generating sets undergoing repairs.”
He further said: “In every part of the world, there are challenges but when the challenges come, government looks into them just as the government is doing in Nigeria. When we have challenges, we report to them and when they listen to us, the challenges will be over.”
Chief Chukwuma said the Federal Government’s new auto policy is quite favourable to local auto manufacturers, adding that he appears comfortable with situation. “The new auto policy is favouring local manufacturers,” he said.

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