‘Power sector would be great with support from stakeholders’
As Oladele Amoda, Managing Director, Eko Electricity plc bowed out of the company after 35 years of service, he said with the support of all stakeholders the power sector would find soon find it level and amused its prime position of being the engine room of the economy
He said it has been a challenging period for the power sector and distribution companies in general but with the support of the Board of Directors, who invested their fund, made it possible to record the massive success and effective service delivery.
He commended the management for the support towards the growth of the company.
The outgoing boss of Eko Electricity plc made this statement during the official handing over ceremony in Lagos to the new managing director and chief executive officer of the company Adeoye Fadeyibi.
According to him, his service in the nation’s electric power supply industry since 1983 has seen him play a key role in the transition of the former power monopoly, National Electric Power Authority (NEPA) to its eventual unbundling under the aegis of the Power Holding Company of Nigeria (PHCN).
He said after my 35 meritorious years of service to my fatherland, Nigeria, l believe it is time for me to bow out to rest and play an advisory role in the power sector and also mentor the young ones.
“I thank God for my life and thank the owners of Eko DisCo for their confidence and trust in my ability to lead the company since November 1, 2013 when it was officially privatised.
“I equally thank the entire workforce of EKEDC for their commitment and dedication to services. I would have not achieved this landmark, if not for their support and sincerity,” he said.
He also commended the Board of Directors of EKEDP for the trust and support given to him to steer the ship of the company to enviable position, adding that Eko distribution company (DisCo) has been the flagship of DisCos in Nigeria.
He, however, assured that he will make himself available to the company whenever they need his attention and advisory role.
His successor, Adeoye Fadeyibi, commended oladele Amoda for his contribution to the development of the company, adding he will build on the success of Amoda to take EKEDC to the next level.
Fadeyibi said the company will begin to see a more vigorous fight against energy theft and other practices militating against the fulfillment of the company’s mandate.
According to the managing director, it is a thing of big concern that whilst we toil day and night to continuously improve on our operations and services, some unpatriotic individuals are engaging in the condemnable act of energy theft and meter by-pass.
“Our advice to such people is straightforward and simple. Change your ways or get disgraced because we will explore all legal options, including prosecution and naming and shaming in the media, to bring such saboteurs of our efforts to book.
“Let it be known that though the leadership of the Eko DisCo has changed, the business, the market and our products remain the same, just like our goals,’’ he said.
Fadeyibi said he would ensure that the right people are put in the right roles and equipped with the right tools, in order for the company to effectively meet the expectations of its customers.
“No business thrives when key players work without clear-cut direction about their destination. This is why we must set standards for all functions and roles, so we can know how we are faring in the realisation of our set goals.
“Our goal is to create more and more inclusive leaders and individuals that go above and beyond towards the realisation of our corporate goals.
“For business profitability to be attained, we must plan together, move together and succeed together,’’ he said.
The EKEDC boss promised to ensure regular supply of electricity in its operational territory. “I will work to ensure we achieve low level of Aggregate Technical and Commercial (AT&C) losses,’’ he added.
Fadeyibi served as the Chief Executive Officer of Transcorp Ughelli Power Limited and has deep and varied experience in power generation with core expertise in gas turbine technology, design, installation and commissioning, operations and maintenance and power plant services.
He has a degree in Mechanical Engineering from New York State University and has attended several technical and management trainings from the General Electric Power Systems University and Management Learning Programmes.
Olusola Bello