Mkpoikana Udoma
Port Harcourt — The Federal Government has signed a contract agreement with Chinese companies, Ningbo Sanxing Medical & Electric Co. Ltd and Ningbo Sanxing Smart Electric Co. Ltd, and Messrs XJ Group Corporation, for the supply and installation of 1,437,500 smart meters across Nigeria.
The deal, facilitated by the Bureau of Public Enterprises, BPE and Distribution Companies, aims to bridge the 7.1 million meter gap in the country’s power sector.
At the signing ceremony held at the BPE headquarters, the Managing Director of the Transmission Company of Nigeria, TCN,
Engr. Sule Ahmed Abdulaziz, represented by the Executive Director, Transmission Service Provider, Engr. Ajiboye Oluwagbenga, lauded the project as a significant step towards addressing Nigeria’s metering challenges.
Abdulaziz explained that the project was part of the Distribution Sector Recovery Programme, DISREP, funded by the World Bank’s $500 million facility through the Investment Project Finance, IPF, arrangement.
The landmark deal is expected to enhance electricity distribution, reduce losses, and improve revenue collection in the power sector.
