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120,000 Prepaid Meters being distributed in Jos, Nigeria

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The Jos Electricity Distribution Company has commenced distribution and installation of 120,000 prepaid meters in its four franchise states of Plateau, Bauchi, Gombe and Benue.

Daily Trust reports that distribution of prepaid meters are presently on-going around Jos North, Jos South and other parts of Plateau State.

JED Managing Director, Mohammed Gidado Modibbo had during the launch of the prepaid meters and transformers earlier this week said the company also plans to distribute 180,000 prepaid meters before the end of 2016….

Source: Nigeria: Jos Disco Commences Distribution of 120,000 Prepaid Meters

Finance scheme for prepaid meters

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The Enugu Electricity Distribution Company (EEDC) and Ecobank Nigeria Limited have partnered to deploy prepaid meters to electricity consumers in Nigeria. The meter rollout is being facilitated by the Credited Advance Payment for Metering Implementation (CAPMI) scheme.

According to EEDC, they are offering two types of meters including: a single phase smart meter with a split unit, which goes for N39,375 ($198) and a 3-phase smart meter with a split unit, which goes for N68,901 ($346). These costs are inclusive of installation cost.

“The cost of acquiring the meter and meter box (N30,100 for single phase and N55,720 ($280) for 3-Phase) will be paid back to the customers in the form of energy recharge, over a period of 36 months, at 12% interest rate.

“However, customers are expected to vend at least once a month, while energy (pay back) will be credited monthly,” the distribution company concluded.

After adequate assessment of the customer’s premises, the engineers will determine the appropriate meter that will be installed for the customers, the company added…..

Full Article: Nigeria launches finance scheme for prepaid meters | ESI-Africa.com