Photo: Dr.-Sam-Amadi, Chairman NERC:
Nigerian Electricity Regulatory Commission (NERC) on Wednesday disclosed that
about N170 billion is needed to acquire 2.8 million pre-paid electricity meters
to bridge existing metering gap in the Nigerian Electricity Industry
(NESI).
NERC’s Senior Manager, Market Analysis and Compliance, Kanneng Kwom who made this disclosure at a media retreat in Abuja said the 18 months period given to electricity distribution companies to get all customers metered is still in place.
Kwom explained that the required amount was an estimate submitted to the commission by the successor Distribution Companies (Discos) of the Power Holding Company of Nigeria (PHCN) as the requirement to meet the metering gap.
“The Discos have estimated that N170 billion to purchase 2.8 million meters is required to meet the metering gap in the NESI,” she said, noting that ways have been proffered by the commission to enable the Discos meet with the responsibility of metering customers in view of the huge existing gap.
She said the Discos would among other measures channel resources from monthly revenue collection, capital budget from owners and external funding to meet the metering gap.
Read more...
NERC’s Senior Manager, Market Analysis and Compliance, Kanneng Kwom who made this disclosure at a media retreat in Abuja said the 18 months period given to electricity distribution companies to get all customers metered is still in place.
Kwom explained that the required amount was an estimate submitted to the commission by the successor Distribution Companies (Discos) of the Power Holding Company of Nigeria (PHCN) as the requirement to meet the metering gap.
“The Discos have estimated that N170 billion to purchase 2.8 million meters is required to meet the metering gap in the NESI,” she said, noting that ways have been proffered by the commission to enable the Discos meet with the responsibility of metering customers in view of the huge existing gap.
She said the Discos would among other measures channel resources from monthly revenue collection, capital budget from owners and external funding to meet the metering gap.
Read more...
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