Kaduna Electric is to establish a $250 million meter manufacturing plant.
Kaduna Electricity Distribution Company says it would establish a $250 million meter manufacturing plant in Kaduna before the end of 2016.
The Managing Director, Mr Garba Haruna made the announcement at the flag-off of the distribution of 20,000 free smart electricity meters to customers in the State.
Haruna explained that the plant would enhance availability of electricity meters in the company’s franchise states of Kaduna, Kebbi, Zamfara and Sokoto.
According to him, the company’s target of distributing 500,000 meters to its customers in the next five years would add value to electricity distribution in the country.
“This will also reduce the cost of importing some of the components for producing the meters for our franchise states and the country and also create employment opportunities for graduates and other supporting staff,”Haruna said.
The Managing Director said the meter maufacturing plant would also help the company cut down the cost of training its technical staff, adding that customers will not have to wait for months for their meters to be installed.
On his part, the Chairman of the company, Alhaji Yusuf Hamisu appealed to the Federal Government to introduce a robust monetary policy to stabilise the country’s currency.
“The instability of the Naira had affected the company’s import plans of some major components for electricity distribution, thereby making it difficult to provide effective services,” he stressed.
The Chairman commended Kaduna State Government for embarking on house numbering and street naming, saying it would enhance the distribution of meters to consumers.
Voice of Nigeria reports that Customers with outstanding debts are required to pay 60 per cent of the amount they owed before getting a one phase meter, while those with up to N10,000 debts would pay in full to get three-phase meters.