DisCos
Prepaid Meter

PAKTIM, an energy distribution firm, has donated free smart meters to distribution companies (DisCos).

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Director of the firm, Larry Adesida said the company is committed to the growth of the energy sector by providing advanced solutions to tackle the challenges.

“Given Nigeria’s unique terrain where many of the rural settlements have dwellers who are often times, financially incapable of purchasing and installing these smart meters, PAKTIM has resolved – as one of the tenets of its corporate social responsibility – to provide up to ten percent of electricity meters procured by the DisCos on a pro bono basis,” he said.

He said prior to the launch of Meter Asset Provider (MAP) Scheme by the Nigeria Electricity Regulatory Commission (NERC), the firm had been solving the challenges that various DisCos had in purchasing electricity meters on a “cash-and-carry,” basis.

Adesida said with that development, the country is set to witness advances in the energy sector. According to him, for over a decade, PAKTIM has consistently played immense role in ensuring the sector is at par with modern international standard.

He said the company has worked with the DisCos, offering them vendor financing which meant greater, more positive cash flow for the DisCos in providing the services that Nigerians dearly require.’

Adesina urged the Federal Government to implement a process that prosecutes any person found guilty of using smart meters and energy illegally.