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Holley Nigeria, a subsidiary of China’s Holley Metering Ltd, has signed a MoU with the Port Harcourt Electricity Distribution Company (PHED) to deploy prepaid meters to consumers
The partnership focuses on bringing Holley’s metering brand and technology to Nigeria to support the distribution companies eliminating losses and giving customers a positive experience.
Ifeanyi Okeke, CEO of Holley Nigeria, said that through this partnership the company is expecting to build a long-term mutual partnership with PHED in providing its metering solution and systems to electricity consumers.
“Holley Group’s main target in Nigeria is to partner with relevant government MDAs and the distribution companies to provide prepayment meters to the vast unmetered Nigeria populace through a workable template and guaranteed vendor financing scheme between distribution companies and their customers,” Okeke stated to ESI.
He further added that in Nigeria, Holley’s STS prepayment meters are in use at Ibadan Electricity Distribution Company (IBEDC) and Port Harcourt Electricity Distribution Company (PHED) since 2015.
The meter rollout will assist in revenue collection and the current estimated billing, the source reported.
Jean Breton, chief finance officer at PHED, said to the source, “Our target is to provide robust prepayment metering system in the region, eliminate estimated billing and collection losses which have posed a huge challenge to the growth of the country’s power sector, and also develop excellent customer satisfaction that will drive trust across the entire value chain.”