As a licensed Meter Asset Provider, CWG Plc has been given a contract sum of $11.1million by the Ibadan Electricity Distribution Companies (IBEDC) to deploy over 100,000 smart meters in Babaoko, Omu Aran and Jebba Business Hubs.
CWG’s Business Development Manager, Corporate Development, Mr. Emmanuel Ilori disclosed this recently in a chat with some Journalists in Lagos.
According to him, the contract is a fall out of CWG’s utility business, having the full regulatory bodies’ recognition as it has both the NEMSA and MSP certificates, all of which lend credence to its metering business and positioned the company to harness the inherent opportunities within the electricity value chain.
“The Meter Asset Provider license from Nigeria Electricity Regulation Company (NERC) enables us to initiate business discussions around metering with several Electricity Distribution Companies in Nigeria. Notable among this discourse is the business contract we concluded last year with IBEDC, a contract sum in excess of $11.1m in which three business hubs were ceded to us for the deployment of electricity meters. We are to deploy over 100k plus meters in Babaoko, Omu Aran, and Jebba Business hubs of the IBEDC,” Ilori revealed.
He added that the deployment and installation of the meters are currently ongoing in all of these locations with the company’s team of installers on ground, massively driving the process of the installations. This is also an opportunity to notify the IBEDC customers within Omu-Aran, Babaoko, and Jebba business Hubs to go their respective IBEDC business hubs to register and pay for their meters and get it installed in 10 days of the regulatory installation circle.
The CWG’s Smart Meter Solution, which has been described as a unique solution because of its efficacy within the electricity value chain is presently being deployed indifferent locations across Nigeria, especially in Real Estate companies’ projects, Estate Management firms, and Utility companies for the effective management of energy monitoring and usage.