Three firms were commissioned on Friday to supply Kaduna Electricity Distribution Plc with a combined total of 200,000 prepaid meters to be installed across four states.
The Nigerian power distributor signed agreements with Messrs. Marks & Adams Investment limited, Electricity Meter Company of Nigeria, EMCON, and Holley Meters Ltd.
According to Today Nigeria, the project will cost $45 million (N14.1 billion).
Mass meter rollout
Kaduna Electric CEO, Garba Haruna, said the three companies will supply 100,000 meters in the first tranche with 90 days delivery time, while the second tranche will see to the delivery of an additional 100,000 meters.
Haruna revealed that Kaduna Electric entered into the vendor financed agreement with the trio to help bridge the huge metering gap inherited by the Disco, media reported.
“Beside being one of the KPIs for distribution licensees, we in Kaduna Electric consider effective metering of our customers as an obligation and an integral part of our business plan,” Haruna said.
He added: “It is one of our top priorities and we hope that the three companies will be part of the success story.”
Firms to comply and reap reward
“The report received so far from the customers’ enumeration and asset mapping exercise we started last year indicated that we have a potential for four million customers in our franchise area which covers Kaduna, Kebbi, Sokoto and Zamfara States,” the CEO explained.
He added: “As such, 200,000 meters is just the starting point. There is opportunity for long-term business relationships. I therefore urge you to comply with the terms of the agreement and ensure that all meters to be supplied meet international standard and the specifications of the regulators.”
Featured image: Stock