Ibadan Electricity Distribution Company (IBEDC) said it has invested over N15.5 billion in major capital projects for the upgrading of infrastructural facilities in the last six months.
The company’s Managing Director, John Donnachie, who said this at the weekend, added that the investment covered supply of 10,000 Distribution Transformer (DT) meters at N4bn.
The meters, according to him, would greatly reduce the challenge of estimated bills and ensure customers without meters were billed more accurately through its energy audit.
Represented by the company’s Chief Operating Officer, John Ayodele, Donnachie said, “In line with reducing the incidences of estimated bills, we have commenced our meter rollout with first batch of 48,470 meters of various ratings and capacities. This includes 35,000 single-phase, 12,000 three-phase and 1,470 whole currents ahead of the Meter Assets Providers (MAP) initiative currently being finalised by the Nigerian Electricity Regulatory Commission (NERC) and the DisCos.
To further support the huge metering expenditure, we have invested extensively in the supply and installation of Advanced Metering Infrastructure (AMI) systems at over N1bn.”
Credit: Daily Trust