According to Business Day, the managing director of AEDC, Ernest Mupwaya, said at the contract signing ceremony in Abjua, “The AEDC it would be recalled, had earlier this year procured 30,000 pre-paid meters. Just last week, we procured another 60,000 with MOJEC metering company.
“If we we add today’s 30,000 procured from ZTE, it would be a total of 120 000 pre-paid meters. This brings it to a total of 120 000 meters and also sums up our yearly target of 120 000 pre-paid meters to customers.”
Mupwaya added that the metering of electricity consumers is “at the core of privatisation,” aiding transparency with regard to energy consumed by customers.
He added: “On the customer side, the meters measure the energy which the customer is consuming. As a result, the customer is able to read the units and how they are being depleted. Metering increases transparency because the customer knows what he is paying for. It also helps our balance-sheet, once it is not sabotaged.
“On the utility side, beyond just being a measuring instrument, the meter helps the discos collect revenue. It improves cash flow, working capital, and it means that more improvement programmes can be accommodated, such as distribution of more transformers, more pre-paid meters, and training of our staff.”
The MD noted that the pre-paid meters will be provided at a cost of $3.7 million, apart from a a local component of N314 million to the installation and other related costs.
Mupwaya also addressed concerns around theft, stating that AEDC has advanced discussions with the Ministry of Justice for proper investigations and possible prosecution of those involved.
Nigeria’s aggressive metering efforts led by the distribution operators, form part of the country’s power sector recovery programme,
Nigeria’s power sector recovery programme
The initial design of the reforms envisaged four stages of development, ultimately resulting in “a competitive, efficient, private sector-led power sector regulated by Nigerian Electricity Regulatory Commission (‘NERC’), with the Ministry of Power providing general policy oversight.” Read more…