KEDCO gets new MD
Power sector regulators, Nigerian Electricity Regulatory Commission (NERC) and Bureau of Public Enterprises (BPE) have approved the appointment of the Board of Kano Electricity Distribution Company Plc (KEDCO).
Solacebase reports that the approval followed the Federal Government’s restructuring of 5 DisCos, as a result of takeover of 3 DisCos by Fidelity Bank of which KEDCO is among.
This led to the dissolution of the KEDCO’s board of directors.
A statement issued by KEDCO Chief Corporate Communications Officer, Ibrahim Sani Shawai, on Thursday confirmed the development.
‘’In this regard, NERC and BPE approved Ahmed Dangana, a seasoned management consultant and a business turnaround specialist as the new MD/CEO of the company,’’ the statement said.
According to the statement, Dangana will consolidate on the achievements of past management to improve operational efficiency and deliver long term value in the company by reducing Aggregate Technical, Commercial and Collection (ATC&C) losses and improving the company’s revenue base.
‘’With over 16 years experience in managing diverse portfolios across multiple sectors of the economy including power, investment banking, public finance, oil and gas and agro-allied industry, he will bring on board his deep experience in business transformation to maximise value for all KEDCO stakeholders.’’
‘’Prior to his appointment, Ahmed Dangana was a senior executive with Ernst and Young (EY), a multinational professional services firm providing consulting, assurance, tax and transactions services for clients in public and private sectors where, he led the Finance Transformation team in West Africa with focus on corporate restructure, financial management and business transformation. ‘’
‘’In this role, he led various projects with governments, development finance institutions and corporate entities on key developmental initiatives.’’
Also, the regulators approved Ambassador Hassan Tukur as the chairman Board of Directors. Other members of the board are; Mr. Nelson Ahaneku, Engr Rabiu Suleiman, Mr Amaechi C. Aloke and Dr. Bashir Gwandu.
Upon assumption to duty, the MD/CEO assured customers and all stakeholders of improved service delivery and electricity supply in Kano franchise, especially after the completion of the ongoing capex projects on network expansion and maintenance.