The Federal Government, through the Bureau of Public Enterprises (BPE) and Distribution Companies, has signed a contract agreement with consortium, Ningbo Sanxing Medical & Electric Co. Ltd and Ningbo Sanxing Smart Electric Co. Ltd, and Messrs XJ Group Corporation for the supply and installation of 1,437,500 smart meters across the country.
At the signing ceremony held at the BPE headquarters in Abuja, TCN’s MD/CEO, Engr. Sule Ahmed Abdulaziz, represented by the Executive Director, Transmission Service Provider, Engr. Ajiboye Oluwagbenga, praised the project as a significant step in bridging the 7.1 million meter gap in Nigeria.
The project is part of the Distribution Sector Recovery Programme (DISREP), funded by the World Bank’s $500 million facility through the Investment Project Finance (IPF) arrangement.
