This followed the Commission’s approval of the Meter Asset Provider (MAP) Regulations 2018, where applications were invited from interested investors for ‘No Objection’ from the Commission.
The commission in a statement issued on Wednesday in Abuja by its head of public affairs, Usman Abba Arabi said the ‘No Objection’ is to qualify intending investors to participate in the meter procurement process in NESI.
Companies granted ‘No Objection’ include Huawei Technology Company Nigeria Limited; Bilview Energy Limited; Chintech Electro Nigeria Limited; Holley Metering Limited; Meron Nigeria Limited; Integrated Power Limited; MBH Power Limited; Trimani Engineering Limited; Sapropel Energy Resources Limited; Megawatt Distribution International Limited; Unistar Hi-Tech Systems Limited; and MOMAS Electricity Meters Manufacturing Company Limited.
Others are: Imperial Infrastructure Development Company Limited; Ratio Consulting Limited; Protogy Global Services Limited; Paktim Metering Nigeria Limited; Sabrud Consortium Nigeria Limited; Tinuten Nigeria Limited; Kayz Consortium Limited; BTS Power Limited; CIG Metering Assets Nigeria Limited and Cresthill Energy Limited.
“The Commission having conducted due diligence on the supporting documents to the applications submitted by interested investors, has granted successful applicants ‘No Objection’ to participate in the procurement process for meter assets provision in accordance with section 8 subsection 4 of the Meter Assets Providers Regulations, 2018,” the statement partly reads.
However, it stressed that the development does not deter other interested applicants from getting the ‘No Objection’ saying; “it is a continuous exercise.”
MAP Regulations is intended to facilitate closure of the wide metering gap in the Nigeria Electricity Supply Industry (NESI) within three years.
The Regulation mandates electricity distribution companies (DISCOS) to engage meter assets providers who fund purchase, installation and replacement of meters to meet Discos metering obligations to their customers.
This is to ensure that all electricity customers are metered thereby reducing incidences of estimated electricity billing to the barest minimum.
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