Companies

Kaduna Electric signs $45m vendor-financing contract for 200,000 meters

by ISAAC ANYAOGU

November 10, 2017 | 12:50 am
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Kaduna Electricity Distribution Plc has signed an agreement with three companies, Messrs. Marks & Adams Investment limited, Electricity Meter Company of Nigeria, EMCON, and Holley Meters Ltd to supply two hundred thousand pre-paid meters to its customers across the four states of operations at the cost $45m.

According to the terms, the three companies would supply 100,000 meters in the first tranche with a 90 days delivery time while the second tranche will see to the delivery of additional 100,000 meters, the company said in a statement.

In November last year, the company rolled out its mass metering programme at Sokoto, where Babatunde Fashola, Minister of Power, Works & Housing launched the programme that saw the deployment over 50,000 smart pre-paid meters in three out of four states that make up the franchise area of the company. It is now looking to scale this initiative.

Garba Haruna, managing director/CEO of Kaduna Electric said his company entered into the vendor financed agreement with the companies to bridge the huge metering gap inherited by the Disco.

“Besides 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. It is one of our top priorities and we hope that the three companies will be part of the success story,” said Garba.

Garba charged the meter manufacturers and vendors to live up to the terms of the contract and ensure that all meters to be supplied meet the industry’s international standard and the specifications of the Nigerian Electricity Regulatory Commission, NERC and the Nigerian Electricity Management Services Agency, NEMSA.

“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. As such, 200,000 meters is just the starting point. There is opportunity for long term business relationship. 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”, he stated.

The company also disclosed that other projects which compliment metering such as new billing system, injection substation automation, AMR on maximum demand customers, software applications developed for monitoring and efficient service delivery will soon be commissioned.

Customers were to protect the integrity of the meters by avoiding tampering and any form of bypass.

In their separate remarks, Mark Elayo, chairman of Marks and Adams Limited, Shehu Karaye, managing director/CEO of EMCON, and Ifeanyi Okeke, executive vice president/CEO of Holley Metering Nigeria Limited, promised to justify the confidence reposed on them and deliver on record time.

ISAAC ANYAOGU


by ISAAC ANYAOGU

November 10, 2017 | 12:50 am
  |     |     |   Start Conversation

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