The power distribution companies (DisCos) are not patronising indigenous manufacturers of meters because they want to make more money by charging estimated bills.
The Chairman, Momas Nigeria Limited, a local manufacturer of electricity meters, Mr. Kola Balogun, stated this and listed other reasons to include plans by the power firms to continue to import meters from China and other countries in order to attract foreign investors into the sector.
He noted that the power distribution companies were making a lot of money through estimated billings; therefore, they were not interested in sourcing meters locally for their customers.
He said whenever the DisCos began to buy meters in large quantities from local meter manufacturers, they would be able to meet the metering demands of their customers.
He said, when this happened, the power firms would not be able to charge their customers estimated bills, adding that the idea would further weaken their purse.
According to him, local meter manufacturers have capacity to produce enough meters in the country, adding that the DisCos know this yet they refuse to patronise them because they want to continue to make money through estimated billings.
He said: “It is not that the local meter manufacturers do not have the capacity to produce enough meters in Nigeria. The capacity is there but the problem is that DisCos want to make money through estimated billings. Also, they want to continue to patronise meter producers abroad where they falsely hope to get better meters.
“Meters produced by indigenous companies are far better than the ones produced abroad. The love or craze for anything western makes DisCos to jettison local meter producers for their foreign counterparts.’’
He said the allegation by DisCos that the meters produced in Nigeria were not compatible with their technology was not true, stressing that DisCos were making false allegations.
‘’The sector is battling problems, such as scarcity of meters and other equipment. This made the DisCos to provide costlier pre-paid and smart meters to their customers amid dwindling revenue, he said.
Source: The Nation