NEDCO activates mobilization exercise to recover GH¢125 million from clients
The Northern Electricity Distribution Company in the Upper East Region has activated a revenue mobilization exercise to recover some GH¢125 million owed the company by clients.
The mobilization exercise has caused the partial shutdown of the NEDCO Office in the Upper East Regional capital for all staff to take part in the exercise.
NEDCO Ing. Eugene Odoi Addo, the Upper East area manager of NEDCO told the media that government agencies alone in the region owe some GH¢55 million out of the total amount of GH¢125 million.
“This exercise is expected to recoup as much as possible. Our global target is to retrieve about 75% of the entire indebtedness and so that is why there is the need to go after those who owe us and collect those monies. Any customer who owes us is a target, so we expect all customers to be rushing to settle their debt,” Ing. Addo told newsmen.
According to him, the intention and purpose of the exercise are not to disconnect customers but to retrieve monies owed the company.
The month-long exercise will see officials and staff of NEDCO storm government agencies and departments, business establishments and residential facilities. NEDCo has disclosed that a staggering GH¢1.2 billion is owed them by customers across all their operational areas as of January 2023.
The company spends a colossal GH¢120million every month to ensure electricity is available to consumers yet it is only able to realize GH¢85million monthly. This leaves the company with losses of over GH¢35million monthly.
Source: Apexnewsgh.com/Ghana
For publication please kindly contact us on 0256336062 or Email apexnewsgh@gmail.com
