EKEDC MD Says CAPMI Scheme Set To Return

EKEDC MD Says CAPMI Scheme Set To Return

Managing Director and Chief Executive Officer of Eko Electricity Distribution Company Limited (EKEDC), Oladele Amoda, has said the Credit Advanced Payment Metering Implementation (CAPMI) scheme, is coming back, IWIN reports.

According to Amoda, the scheme will return due to the high rate of liquidity loss in the sector. He explained that the cost of metering is too high, making it more difficult for Discos to handle it alone, also citing customers’ inability to wait for their turn in the metering plan. However, the CEO revealed that the return of the scheme this time, will be more transparent.

There will be a tri-chain consisting of the customer, Disco and the meter vendor/installer, he said. According to him, there will be no opportunity for exploitation and delay, as the customers will pay directly into a joint account managed by the Disco and meter vendor. And upon payment, customers will have their meters installed after 45 days, making the process more transparent, reliable and prompt.

topics from
There is no comment