ENUGU ELECTRICITY DISTRIBUTION COMPANY PLC
Zonal Headquarters, Okpara Avenue, P.M.B. 01287, Enugu, Nigeria.
Enugu Electricity Distribution Plc, or Enugu Disco, located in Nigeria’s South East zone, distributes and markets electricity in franchise area that includes Abia, Anambra, Ebonyi, Enugu and Imo States. Within the zone, Enugu Disco owns and maintains electrical installations and the distribution network, manages meter installations and servicing, billing, co-ordinates consumer credit services, and collects revenue.
Enugu Disco is one of 11 such distribution companies comprising a national distribution grid. The Transmission grid, in turn, is managed by a separate company, the Transmission Company of Nigeria (TCN) Plc.
Enugu Distribution Company Plc was established as a public limited liability company on November 7th 2005. Enugu Disco is managed by a Chief Executive Officer (CEO), who reports directly to the CEO, Power Holding Company of Nigeria (PHCN) Plc, Enugu Disco’s parent company. In July 1, 2006, Enugu Disco became a standalone company a step toward privatization.
In 1999, the FGN began an aggressive restructuring of the power sector with several aims, including introduction of efficient, private sector standards and management principles, and methodology, leading to reliable power.
In 2001, the FGN approved a National Electric Power Policy (NEPP), followed in 2005 by the Electric Power Sector Reform (EPSR) Act. EPSR Act provides the legal authority for the unbundling of Nigeria’s power utility as well as the establishment of an independent regulatory commission, the Nigerian Electricity Regulatory Commission (NERC), to guarantee open access and ensure efficiency throughout the industry. EPSRA also provides for a consumer assistance fund, development of a competitive market, and establishment of a Rural Electrification Agency and Fund (REA & REF) and the Nigeria Electricity Liability Management Company (NELMCO).
The core investor sale option was adopted by the Bureau of Public Enterprise in the privatization of the eleven Distribution companies in Nigeria which include Enugu Electricity Distribution Company. In this model, the Federal Government retained 40% while the Successor Company retained 60% in the franchise.
Credit: The Bureau of Public Enterprise.