Ikeja Electric signs N570m MOU with Mojec for transformers meters
IN order for customers to get a more transparent and accurate bill, Ikeja Electric Plc has signed a N570 million Memorandum of Understanding (MOU) with an indigenous meter manufacturing company, Mojec International Limited for the supply of Distribution Transformer (DT) Meters. Under the agreement, Mojec International Limited is expected to supply 2,000 distribution transformer meters to Ikeja Electric.
Speaking during the signing ceremony in Lagos, acting Chief Executive of Ikeja Electric Plc, Anthony Youdeowei, who was represented by Chief Finance Officer , Olubunmi Olukoju, said that it was necessary that the organization continue to invest and commit resources to improve its capacity to meter, correctly and fairly , the consumption patterns of many customers.
Youdeowei stated: “We are proud to partner with Mojec International Ltd, a local content manufacturer that has proved its worth as far as this sector is concerned. We are a proudly Nigerian company, which remains committed to the Nigerian vision. By partnering with us on this, we will achieve total meter- ing of our feeders and distribution transformers and proceed further into other areas of mutual interest.”
According to him, energy accountability has been a major bane of the country’s energy sector, saying that the N570 million is a further demonstration of Ikeja Electric’s long time commitment to invest the required sums to ensure there is a turnaround in the experience of its customers altogether.
He added: “We recently committed N150 million to total upgrade of our Ogudu Injection Substation, which improved overall power supply in that axis. “Our resolve to meter every customers is unwavering,and we will continue to invest huge sums not only to deliberately strengthen the work, but to also sustain our meter roll out plan.
“Our current strategy of metering commercial points is crucial as it allows us accurately determine the amount of energy consumed on a feeder by feeder basis and after careful consideration, using our Estimated Billing Methodology, customers get a more transparent, fair and accurate bill.”