Journalism in the service of society

FG approves N21b to DisCoS for purchase of meters

The Nigerian Electricity Regulatory Commission (NERC) has approved N21 billion for the 11 electricity Distribution Companies (DisCos) to provide meters for customers.

NERC gave the approval in ORDER NO: NERC/2024/072 on The Operationalisation of “Tranche A” of the Presidential Metering Initiative under the Framework of Meter Acquisition Fund signed by its chairman, Sanusi Garba.

It read: “The order signed by NERC Chairman, Mr Sanusi Garba and Commissioner Legal, Dafe Akpeneye, shall become effective From June 2024 and may be amended or revoked by subsequent orders issued by the commission.

“The commission hereby approves the sum of N21 billion apportioned pro rata to contribution by the DisCos as Tranche A of the MAF scheme.

“Attached to this order as Schedule 1 is a breakdown of the funds available for each DisCo for the purchase of end-use customer meters.

“All the meters to be procured and installed under the MAF framework shall be at no cost to the customers of the DisCos.”

Comments are closed.

Naija Times