Licence threat: Kaduna Electric working to address issue – Mgt

Kaduna Electric said it had acknowledged the 60-day notice of intention to cancel its licence by the Nigerian Electricity Regulatory Commission (NERC).

In a statement on Tuesday by the management, the DisCo said it was engaging stakeholders to address the issue.

It said the notice, in line with the regulatory power of the commission, came on the heels of an initial engagement between the commission and shareholders/lenders to Kaduna Electric-in-Receivership in sustaining the mutual objectives of the federal government for an intervention in a number of electricity distribution companies, including Kaduna Electric, for a turnaround of the DisCos and sale of core interests to new investors.

“While the board and management have continued to work on the intervention objectives, challenges remain, and stakeholders continue to engage on addressing them.

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“We assure our customers of ongoing engagements between the commission and shareholders including the Bureau of Public Enterprises and lenders as to address the long-running and current issues at Kaduna Electric.

“We will continue to provide electricity in our Franchise Area—Kaduna, Kebbi, Sokoto and Zamfara States—with the utmost sense of duty and professionalism,” the statement noted.