The Managing Director of Jos Electricity Distribution Company (JED), Alhaji Modibbo Gidado Mustapha, said the company spent the sum of N8 billion to purchase new meters in four states of its franchise- Plateau, Gombe, Bauchi and Benue.
The managing disclosed during the visit of Bureau of Public Enterprises (BPE) monitoring exercise in Jos yesterday.
Mustapha also said the company has installed about 11,000 meters within its franchise and the company would installed about 100,000 meters before the end of this year.
He reiterated that about 50% of their customers would be metered before January 2017 despite having thousands and millions of customers across the states.
JED boss also disclosed that the firm has invested another N4b Naira and signed an agreement with local manufacturers for the provision and delivery of about 50, 000 meters that would be available in near future.
His words, “We got N4b from the CBN Power Fund and we ordered about 85, 000 meters again. We have thousands and millions of customers and it will take time for them to be metered, but in the next few months, we expect 50% of our customers to be metered.”