Ikeja Electricity Distribution begins the Meter Asset Provider Scheme

Must Read

FIRS lists Slot, GIG Motors, Davido, Obasanjo, others among 19,901 tax defaulters, shuts accounts (Full List)

A number of prominent individuals and organizations have been included in a list of 19,901 tax defaulters released by...

How Blockchain might change the whole fashion industry – and safeguard the authenticity of your goods

So far you have probably only heard of blockchain in connection with financial transactions and Bitcoins.Well, that should change...

Most Financial Services Firms ‘Not Prepared’ For Digital Transformation, Research Suggests

Tens of thousands of financial services businesses are avoiding upgrading their digital systems because they don’t deem digital transformation...
- Advertisement -
- Advertisement -

The Ikeja Electricity Distribution Company (IKEDC) has begun extensive metering of its unmetered clients with the commencement of the Meter Asset Provider (MAP) project with its associates, New Hampshire Capital Limited, at its Ikorodu Business Unit.

MAP is a system of the federal government and the Nigerian Electricity Regulatory Commission (NERC), in which third parties known as MAPs, were assigned the duty of metering all clients of discos to bridge the metering rift in the country.

According to the disco, the scheme aims at ensuring that all customers under its network are metered to bring to an end, the issue of estimated billing, saying with the collaboration of the New Hampshire Capital, all customers under the Ikeja disco will be metered.

Speaking to journalists at the launch, the Acting Chief Commercial Officer, Ikeja Electric, Mr. Ugochukwu Obi-Chukwu, said: “So, we have a coordinated plan, it starts with customers logging into our website. We believe that using the internet and the technology that we have now ensures that we can reach our customers wherever they are, even if they are not in the country.”

Read:  Daily Insight: The Nigerian Power Sector - 100% metering or nothing?

Obi-Chukwu added that over 14, 000 meter applications had already been recorded on the company’s portal and counting, saying, “we have over 5, 000 customers already that we are going through their KYC information. We believe that by the end of this week, we should be seeing customers in their thousands that are ready for metering. So, we are actually ahead of the curve and we have meters already in store.

Read:  4,48M Students Enrolled In Senior Secondary Schools in 2016 - NBS

“The entire process is not just to sign meter asset providers, you also need to have those meters in store already. So, we have some meters already in store; and then, mind you, when you also sign this contract with the MAPs, the MAPS themselves will now go and source for the meters and have them installed.”

Also speaking, Chief Executive Officer, New Hampshire Capital, Mr Odion Wesley Omonfoman, said the partnership with the Ikeja Electric was to roll out at least 276, 000 meters within the Ikorodu Business Unit, stressing that it covers Ikorodu town and all the way to Epe.

Read:  FG gives states autonomy to produce power: Power generation improved to 6,863MW...

Omonfoman said: “Over the next 18 months, we will be rolling out prepaid electricity meters to customers who don’t have meters or who need new meters. We will be doing that in conjunction with Ikeja Electric.

“So our job is to provide the meters and to install the meters and also manage the meters for that whole period. We have a 10-year contract with Ikeja Electric to do that role. So once you go to the KYC process, the metering process will start.

“Specifically, once you indicate the payment option you have chosen, we are under obligation to meter you. So, if you are choosing upfront payment, you pay the entire amount, we will meter you within 10 business days.”

- Advertisement -

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Latest News

Skye Bank & Fortis Microfinance Bank Removed From Nigerian Stock Exchange Listing

The Nigerian Stock Exchange (NSE) on Wednesday delisted Skye Bank Plc and Fortis Microfinance Bank Plc following permission from...

Itanna Launches 2nd Accelerator Programme

21st August 2019. Itanna, the corporate venture capital platform of Honeywell Group, has officially announced the launch of the second edition of its accelerator and investment programme.  As...

NIPC Takes Innovative Approach to Market Investment Opportunities in the Country

The Nigerian Investment Promotion Commission (NIPC) has said that it is profiling investment opportunities across sectors in Nigeria.The Director, Investment Promotion of the Commission,...

African Energy Chamber Welcomes Appointment of New Nigerian Petroleum Minister

As a former Governor of the Bayelsa State, in the core Niger Delta region, H.E. Timipre Silva understands the core issues affecting Nigeria’s oil...

More Articles Like This