101 firms in the running to supply prepaid meters

The number of companies seeking to become meter asset providers in the Nigeria electricity supply industry has increased to 101.

Following the recent introduction of the Meter Asset Provider Regulations 2018, the Nigerian Electricity Regulatory Commission in April invited interested investors to apply for ‘No Objection’ to enable them to participate in the meter procurement process to be conducted by electricity distribution companies. The regulator, which initially gave its nod to 22 firms in May as prospective meter asset providers, said in a document obtained on Friday that a total of 101 firms had been granted ‘No Objection’ as of October 17, 2018.

Some of the firms are Huawei Technology Company Nigeria Limited, Bilview Energy Limited, Chintech Electro Nigeria Limited, Holley Metering Limited, Meron Nigeria Limited, Integrated Power Limited, MBH Power Limited, Trimani Engineering Limited, Sapropel Energy Resources Limited, Megawatt Distribution International Limited, Unistar Hi-Tech Systems Limited, and Momas Electricity Meters Manufacturing Company Limited.

The MAP regulations, which introduced another class of operators in the power sector called meter asset providers, is expected to eliminate estimated billing practice, attract private investment into the provision of metering services, and close the metering gap through accelerated meter roll-out.

Source: The Punch

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