NERC has issued an Interim Order (Order No: NERC/2026/086) dissolving the board of Kaduna Electricity Distribution Plc (KAEDC) effective August 10, 2026, pursuant to sections 75–79 of the Electricity Act 2023.
The action according to a statement released on Monday by the regulatory body follows severe financial insolvency, with KAEDC accumulating over ₦118.6 billion in additional market debt under ASI Engineering Limited by May 2026, bringing total market obligations to approximately ₦456.5 billion.
The statement also disclosed that the utility remitted only 41.93% of its adjusted market invoices in 2025, recorded ATC&C losses of 71.88%, invested only ₦2.48 billion against a capital requirement of ₦24.51 billion, and maintained customer metering coverage of less than 36%.
Meanwhile, to ensure uninterrupted service delivery and operational stability, nerc noted that an interim board of Special Directors has been constituted, chaired by Dr. Abdullahi Garba, while Dr. Abubakar Umar Hashidu has been appointed as Administrator for an initial 6-month term. The statement further noted that Afrexim will coordinate a transparent 12-month competitive process to secure a competent replacement core investor.
Electricity distribution services across the KAEDC franchise area remain safe and uninterrupted the statement concluded.
