Colombo, Sri Lanka — (METERING.COM) — March 25, 2008 – The Lanka Electricity Company (Private) Ltd. (LECO) has formed a joint venture with the Ante Meter Company Ltd. of China, whereby the meter manufacturer will produce its meters in Sri Lanka and thus increase the number of meters available in that country. LECO is a subsidiary of the Ceylon Electricity Board (CEB), which needs some 450,000 meters a year to connect new customers to the grid.
The CEB says that the current shortage of meters often means that its customers resort to illegal connections in order to receive power, causing considerable losses in revenue to the utility and unhappiness among customers. The delays experienced in importing meters from other countries have exacerbated the problem.
The joint venture will start operating in April. Once local requirements have been met, the plan is to start exporting meters elsewhere in the region.