Chinese Subsidiary Signs MoU for Supply of Meters

Prepaid-meters

In Nigeria, a subsidiary of China’s Holley Metering Ltd, Holley Nigeria, has  signed a memorandum of understanding with the Port Harcourt Electricity Distribution Company (PHED) for the deployment of prepaid meters to consumers.

According to the chief executive officer of Holley Nigeria , Ifeanyi Okeke, the partnership aims to bring Holley’s top metering brand and superior metering technology to Nigeria to support the DISCOs by eliminating losses at the same time give customers new positive experience, the Leadership reported.

Meters to be deployed

Okeke noted his hopes for a long-term mutual partnership with PHED in providing top metering solution and systems to electricity consumers.

Okeke said: “Holley Group’s main target in Nigeria is to partner with relevant Government MDAs and the Distribution Companies (DISCOs) to provide prepayment meters to the vast unmetered Nigeria populace through a workable template/Guaranteed Vendor Financing Scheme between DISCOs and their Customers.

“Holley Meters are not new in Nigeria and Africa. In Nigeria, Holley manufactured STS prepayment meters are already in use at Ibadan Electricity Distribution Company (IBEDC) and Port Harcourt Electricity Distribution Company (PHED) since 2015 through third party agents before formal entrance of Holley brand via this IJV.”

Revenue collection

The meter rollout will assist in revenue collection and the current estimated billing, the Leadership reported. Read more…

PHED chief finance officer, Jean Breton said: “Today’s event is remarkable because we have engaged a Nigerian company, driven by indigenous entrepreneurs, an International Joint Venture (IJV) entity with Holley Metering Limited, China, providing technical expertise garnered from superior metering technology and experience of over 30 years.

“Our target is to provide robust prepayment metering system in the region, eliminate estimated billing and collection losses which have posed a huge challenge to the growth of the country’s power sector, and also develop excellent customer satisfaction that will drive trust across the entire value chain.”

Source: ESI Africa

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