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Ikeja Electricity Distribution Company and Mojec International Limited, an indigenous meter manufacturing firm on Wednesday signed a N570 million Memorandum of Understanding (MoU) for the supply of 2,000 distribution transformer meters.
Speaking at the signing ceremony in Lagos, chief executive officer, Ikeja Electric, Mr Anthony Youdeowei, said the N570 million MoU further demonstrated the company’s long term commitment to invest the required sums to ensure there is a turnaround in the experience of its customers altogether, adding that the company had recently spent N150 million on the upgrading of Ogudu injection sub-station which he said has improved overall power supply in the axis.
“Energy accountability has been a major bane in Nigeria’s energy sector. It is therefore necessary that we continue to invest and commit resources to improve our capacity to meter correctly and fairly, the consumption patterns as many customers as we can”, he said
Photo Caption: IKEJA DISCO LOGO
