Business
NERC Allays Fear Of Meter Importation
The Chairman and
Chief Executive Officer of The Nigerian Electricity Regulatory Commission (NERC), Dr. Sam Amadi, has said that the commission will not allow the importation of electricity metres into the country, so long as local manufacturers have the capacity to meet demand.
Amadi, who came up with this recently in Lagos at the 6th Annual Distinguished Lecture of the Nigerian Institute of Quantity Surveyors, Lagos chapter said NERC will only import when there was enough proof that local manufacturers could not meet the demand “as we are committed to enhancing local production.”
Some of the local meter manufacturers are Momas Electricity Meters Manufacturing Company Limited and Electricity Meter Company of Nigeria which are poised to meet the pent-up demand in the country, according to the Electricity Meter Manufacturer Association of Nigeria.
Commenting on complaints of non-deployment of prepaid meters by the Electricity Distribution Companies (DISCOS) the NERC boss said the commencement of the transitional electricity market later in the year would force the private sector investors who acquired the successor power companies late last year to live up to the expectation and performance agreements they signed with the government.
Based on the proposals submitted by the core investors in the Discos, 6.52 million new meters would be installed over the course of five years, meaning more than one million would be installed yearly.