The Managing Director of Abuja Electricity Distribution Company (AEDC), Ernest Mupwaya, speaking at the opening of a two day workshop on energy theft for judges within the Federal Capital Territory (FCT), said his company has installed 88,000 meters and would install 120,000 units by December 2017, Daily Trust reports.
He said, “The issue slowing down metering is funding constraint in the electricity market but we have found a way around it. We have used the vendor financing system to acquire 120,000 meters and if they are deployed and protected from energy theft, we can gain more funding and meter more customers.”
He also said out of the 800,000 customer base, AEDC has metered 3,800 who are the largest power users and constitutes 50 per cent of the revenue collection base, including the governments’ Ministries, Departments and Agencies (MDAs).
To make meters more available, he said the Nigerian Electricity Regulatory Commission (NERC) has proposed revival of the Credited Advanced Payment for Metering Initiative (CAPMI) where customers buy meters at designated shops around the 11 Distribution Companies (DisCos) and have them installed with refund.
Source: Energy Mix Report