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Topic: Electricity distributor announces N2.2bn monthly loss  (Read 1032 times)

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Electricity distributor announces N2.2bn monthly loss
« on: November 12, 2016, 01:04:11 AM »
Electricity distributor announces N2.2bn monthly loss

Port Harcourt – The Port Harcourt Electricity Distribution Company (PHED) said on Friday it lost N2.2 billion in revenue to unpaid bills and electricity wastage by consumers. The Managing Director of 4Power, owners of PHED, Mr Matthew Edevbie, told the News Agency of Nigeria (NAN) in Port Harcourt that 90 per cent of meters in homes…
Source: Electricity distributor announces N2.2bn monthly loss

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