30,000 more prepaid meters has been procured..

Company(AEDC) is set to procure additional 30,000 prepaid meters to intensify mass metering of customers in its franchise locations. The locations are Kogi, Niger, Nasarawa and the Federal Capital Territory. The Managing Director of AEDC, Mr Ernest Mupwaya said this on Tuesday in Abuja, while signing the contract for supply of the meters. He said contract for supply of the meters, valued at 3.7 million dollars (equivalent N1.29 billion) was awarded to ZTE Nigeria Ltd, a Chinese company operating in Nigeria. The AEDC had in June procured 60,000 prepaid meters worth N2.4 billion from MOJEC International, a local meter manufacturer. The company had embarked on a mass metering project in Dec, 2016 with a target of installing 120,000 meters annually in its areas of operation. It said that the metering of customers was to bridge the metering gap, reduce estimation billing, restore confidence of customers and ultimately improve revenue of the company. Mupwaya said that the company would have met its target of 120,000 meters for 2017, by procuring the additional 30,000 meters. He said that the meters comprised 24,000 single phase and 6,000 three phase meters, adding that N214 million would be used to procure additional materials to install the meters. The AEDC boss explained that the meters would help customers to monitor the rate of electricity consumed, reduce load shedding on the part of the company and ultimately help eradicate energy theft by some consumers. Mupwaya said that the installation of the meters would also facilitate the revenue collection profile of the company. According to him, the continuous inflow of cash to the company will also enhance the procurement of more meters for customers.

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