KEDCO TO INVEST ₦1.2BN IN NETWORK EXPANSION 17-04-24
By Sadiq Aminu Kano electricity Distribution Company (KEDCO) said it has concluded plans to invest ₦1.2billion Naira in network expansion and improvement in power supply to the famous Dawanau International Grains Market, in Kano.
In a statement issued by Sani Bala Sani
Head Corporate Communications of KEDCO said expansion and power generation are some of the Company’s major plans to improve power supply in an accelerated fashion, especially in areas such as Dawanau International Grains Market, being the largest in Sub-Saharan Africa, with numerous cottage industries.
The Company is prioritising the Dawanau project amongst a string of similar projects due to its current dilapidated network leaving the area underserved, thus hindering the potential of the market as a catalyst for economic growth of Kano state and the northern part of Nigeria.
Commenting on the development, the Company’s Ag. Managing Director and CEO, Abubakar Yusuf said, “We have engaged 3 reputable companies to actualise construction of 35KM of 33kV high tension (HT) line from Bichi Transmission Sub-station to Dawanau market, installation of 2Nos 500KVA 33/.415 transformers, and low tension (LT) lines to serve the area and environs at the cost of ₦1.2bn.
He added that “the project is aimed at improving quality and efficiency of power supply to industrial and commercial clusters in the grain market, which is equally in line with our vision to enable re-industrialization and economic empowerment within our franchise states”.
In his remarks, the Company’s Chief Technical Officer, Engr. Inuwa Bala Daneji said, “Upon completion of the project, we forecast an increase in energy offtake by 200% and an equivalent growth in revenue for KEDCO”.
On takeover in November 2023, the new core investor (Future Energies Africa) immediately embarked on network rehabilitation and expansion aimed at improving access to quality and reliable power supply for the socio-economic growth of KEDCO’s tri-state of operation.
While these initiatives will further strengthen the existing relationship among stakeholders and explore other business opportunities within the same space and beyond, the investors remain unrelenting in the same trend across the franchise area.