One of the licensed meter manufacturing companies in the country, Momas Electricity Meter Manufacturing Company Ltd. (MEMMCOL), on Thursday urged the Central Bank of Nigeria (CBN) to create a credit line of single digit interest rate to meter manufacturers to support manufacturing entities’ current efforts to ensure adequate distribution of meters to electricity consumers nationwide. […]
Tag: Meter Asset Provider (MAP) regulations
Metering Supply Gap Rises To 58% In Power Sector
Despite sustained directives by the Federal Government to the 11 power distribution companies (DisCos) to bridge the meter supply gap in the power sector through new investments, latest report by the industry regulators indicate that there exists 58 percent gap in the industry demands. The latest report by the Nigerian Electricity Regulatory Commission on the […]