Only genuine electricity consumers will get meters when the Meter Asset Providers (MAPs) start operation in January 2019, Momas Electricity Meters Manufacturing Company (MEMCOL) Chief Executive Officer, Mr. Kola Balogun, has said.
By so doing, MAPs will comply with the 30% local content directive given by the Nigerian Electricity Regulatory Commission (NERC). In a telephone interview, Balogun said meter asset providers have agreed to meet 30% local content requirement in order to ensure a seamless operation when the new metering regulation comes into effect in 2019.
According to him, the 30% local content requirement also includes the inputs into a meter. This means 30% of the materials must be sourced locally. Balogun said the regulation is flexible and simple as a firm can apply to be a meter asset provider for one or three power firms.
Source: The Nation