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Business News of Tuesday, 13 August 2024

Source: classfmonline.com

NEDCo loses GH¢3.7 million to illegal power connections, recovers GH¢1.5 million

NEDCo NEDCo

The Northern Electricity Distribution Company (NEDCo) has reported significant financial losses due to illegal power connections in the Northern region.

The losses have amounted to GH¢3.7 million.

This revelation was made by NEDCo’s Managing Director, Osman Ayuba, during his appearance before the Public Accounts Committee of Parliament on Monday, 12 August 2024.

Mr. Ayuba highlighted the ongoing challenge of illegal power connections and outlined NEDCo’s efforts to combat the issue.

“In the northern area alone, we have had about 627 summons that have been issued to these illegal connectors, and in the northern area alone, the number was 473.

“Those who were served in the northern area were 103 and NEDCo-wide, it was 173, so you can see that it is tilting towards the northern area,” he explained.

The total estimated loss of power across NEDCo’s operational areas is GH¢4.1 million, with the Northern region accounting for a substantial portion of this figure.

Mr. Ayuba emphasised that illegal connections in the Northern region alone led to a loss of GH¢3.7 million.

Despite these challenges, NEDCo has managed to recover a portion of the lost revenue.

“Following the issuance of summons to offenders, NEDCo has recovered GH¢1.5 million," Mr. Ayuba disclosed to the committee.