Feedback Energy Distribution Company (FEDCO), a wholly-owned subsidiary of Feedback Infra has bagged the business of turning around the business and technical operations of the Port Harcourt Electricity Distribution Company (PHEDC) of Nigeria.
PHEDC has 680,000 consumers across four Nigerian states, with a combined area of 50,000 sqkm and a total population of 14 million.
FEDCO will be the technical services partner for PHEDC for five years. Its role is to turnaround the business and technical operations of PHEDC in these five years by lowering the AT&C losses of PHEDC. In this, it will be transferring the best practices that FEDCO has developed during its five years of serving more than 550,000 consumers in Odisha, bringing AT&C losses down by 30 percentage points and now 1 million consumers in MP.
“We look forward to achieving similar, if not better results in Nigeria, than what we have achieved in India,” says Devtosh Chaturvedi, MD, FEDCO
FEDCO would depute nine senior experts to PHEDC for five years. They will be responsible for overhauling the organisation, including its restructuring, improving operational and commercial performance, implementing best practices, increase quality, and use analytics for the whole organization. They will lead the commercial, procurement, engineering, and HR functions.
“Against stiff competition from more established foreign discoms, we have won this mandate from PHEDCL to partner with them and improve their work. We look forward to achieving similar, if not better results in Nigeria, than what we have achieved in India,” Devtosh Chaturvedi, Managing Director, Feedback Energy Distribution Company, said in a release.
Port Harcourt is FEDCO’s second foreign mandate to turnaround a discom. Four months earlier, it won a similar, but smaller mandate to improve the technological operations of the discom of Nigeria’s Enugu state.
FEDCO is a distribution franchisee in four electricity divisions—Puri, Balugaon, Khurda and Nayagarh—under Central Electricity Supply Utility (CESU) of Odisha. FEDCO is also responsible for the supply of power to the existing and future consumers, carry out commercial activities, undertake operations and maintenance of LT distribution network, implement smart grid solutions and incur capital expenditure for network up gradation and strengthening. FEDCO is also providing services to four areas of Madhya Pradesh, under the “Management Operator” model.
[Photo sourced from www.nigeriaelectricityhub.com, for illustration only]
