Abuja Electricity Distribution Company (AEDC) has said it would spend N10 billion on the distribution of 227,228 prepaid meters to its customers.
This means that the firm will spend an estimated average of N44,900 on the purchase of the meters.
In a press release from its Head of Corporate Communications, Oyebode Fadipe, AEDC said it will partner with Meron Consortium, a group made up of meter manufacturers, financiers, installers, and advisory services firms.
According to the statement, this is the second phase of its meter installation scheme, as he noted that 150,000 meters were installed for its customers under its first phase.
“For customers, metering gives them the assurance of fair, transparent and accurate billing and also serves as a useful tool for them to manage their consumption and costs,” Ernest Mupwaya, Managing Director of AEDC, was quoted as saying.
“To AEDC, metering equips us with intelligent data to ascertain areas of energy/revenue leakages which will strengthen our commercial vigilance activities to plug such leakages and improve our revenue collection.”
According to the release, Emmanuel Ndubuisi, Group Managing Director of Meron Consortium, assured AEDC of timely delivery and installation of the meters, in line with the terms of the contract.