The Eko Distribution Company (EKDC) has concluded a bilateral agreement with Egbin Power Station for supply of 100 mega watts of electricity to boost power supply within its network
The agreement aims at ensuring effective power supply that would enhance the current cost reflective tariff.
Mr Oladele Amoda, Managing Director of Eko Disco who made this known during the company’s stakeholder’s town hall consultative customer’s forum  said that the company will invest in additional 100 megawatts from Egbin power station to boost power supply within its operations.
According to him, We have concluded bilateral arrangement with Egbin for supply of 100 megawatts. Customers within Lekki, Ajah, Ibeju and environs will benefit greatly from this special plan.
Speaking further, he said, “This is energy that would come directly to us without passing through the national grid.
Though transmission is playing a vital role, but in this special arrangement, the customers will slightly pay more than regular customers.
The good news is that power supply would be stable almost at all times.
Amoda therefore appealed to customers to embrace the new electricity tariff, adding that the new tariff is customer friendly.
He said that removal of the fixed charge by government is a welcome development which will benefit the customers of Eko a great deal.
Eko Disco has the least tariff charge in the country taking into consideration what the National Electricity Regulatory Commission (NERC) has just released to the nation.
“What it means now is that we are going to pursue vigorously our metering roll out plans to the satisfaction of our yearning customers.
But for those who cannot wait for the roll out plan to get to them, they can key into our CAPMI programme to avoid estimated bills which does not favour the company nor the customers” he advised.
He said that owners of the Eko Electricity Distribution Company has distinguished  themselves as having achieved much in terms of the value offering for customers.
 Amoda said that the company has earmarked a N52 billion for investment in the next five years to deal with operational challenges, adding that the company has commenced massive metering plan to customers.
Already, about 202,000 smart meters had been pencilled down to be install in 2016.
“The metering plan will be rolled out in phases until all our consumers have functional meters. The new meters have the newest technical features, multifunctional and tamper proof.
The metering plan has been estimated to cost the company a whopping N52 billion” Amoda confirmed.