Holley Nigeria, PHED Sign MoU On Supply Of Prepaid Meters

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By Tarkaa David –

Holley Metering Ltd (Holley Nigeria) has  signed a memorandum of understanding with the Port Harcourt Electricity Distribution Company (PHED) to fast track the supply of prepayment meters to consumers.

This was contained in a statement signed by the executive vice chairman/Chief executive officer of Holley Nigeria , Mr Ifeanyi Okeke

Mr Okeke explained that Holley Nigeria Holley Nigeria is an International Joint Venture (IJV) between Nigerian technologists and entrepreneurs and Holley Technology Ltd, headquartered in Hangzhou, China, a global brand in metering technology with manufacturing/production capacity of over 24,000 meters daily and with facilities in many countries across the globe.

He said the partnership aims to bring Holley’s top metering brand and superior metering technology to Nigeria to support the DISCOs by eliminating losses at the same time give customers new positive experience.

He stated  that the relationship with PHED is predicated on long term mutual partnership in providing top metering solution and systems to electricity consumers.

 “Holley Group’s main target in Nigeria is to partner with relevant Government MDAs and the Distribution Companies (DISCOs) to provide prepayment meters to the vast unmetered Nigeria populace through a workable template/Guaranteed Vendor Financing Scheme between DISCOs and their Customers.

“Holley Meters are not new in Nigeria and Africa. In Nigeria, Holley manufactured STS prepayment meters are already in use at Ibadan Electricity Distribution Company (IBEDC) and Port Harcourt Electricity Distribution Company (PHED) since 2015 through third party agents before formal entrance of Holley brand via this IJV,” he said

Mr Okeke added that the signing of the MoU is to strengthen and enlarge the service delivery drive of Holley Nigeria brand in line with its vision of providing every electricity consumer in Nigeria with smart/prepayment meters in order to be in control of their consumption/cost.
He added that the move will end the reign of estimated billing as well as DISCOs/Utilities collection losses in the country.

Speaking earlier, the Chief Finance Officer (CFO) of PHED, Jean Breton said that the contract with Holley will make available Three Phase Prepayment Meters to their Customers across the South-South Region.

 Breton added that the company aims to establish a robust prepayment metering system in the region and create customer satisfaction that will build trust in the power sector.
“Today’s event is remarkable because we have engaged a Nigerian company, driven by indigenous entrepreneurs, an International Joint Venture (IJV) entity with Holley Metering Limited, China, providing technical expertise garnered from superior metering technology and experience of over 30 years.

“Our target is to provide robust prepayment metering system in the region, eliminate estimated billing and collection losses which have posed a huge challenge to the growth of the country’s power sector, and also develop excellent customer satisfaction that will drive trust across the entire value chain.” he stated