Business

We Can Produce Three Million Meters Yearly – Armese

  • We Can Produce Three Million Meters Yearly – Armese

An indigenous meter manufacturer, Armese Power Solutions, has said it has the capacity to help meter asset providers engaged by power distribution companies meet the local content requirements for meter rollout in line with the Federal Government’s Meter Asset Provider regulation.

The regulation requires MAPs to source a minimum of 30 per cent of their contracted metering volumes from local meter manufacturing companies in Nigeria.

The Chief Executive Officer, Armese Consulting Limited and Armese Power Solutions, Mr Imran Khokhar, who was in Lagos recently to sign a Metering Service Agreement with Eko Electricity Distribution Company, said his firm was equal to the task of helping MAPs plug the metering gap in the power sector.

He added that the firm would leverage the expertise of its meter manufacturing facility, located in Akwa Ibom State.

He was quoted in a statement as saying, “Our manufacturing subsidiary, operating as Metering Solutions Manufacturing Services Limited, has the installed capacity to produce three million meters yearly on a multi-shift pattern. It is staffed by a team of seasoned professionals, on a ratio of 99 per cent local to one per cent foreign, who bring a pedigree of unequalled competence to the table in the manufacture of world-class meter assets.

“Our product line includes single-phase and three-phase prepaid meters in various configurations and mountings as well as tamper-proof polycarbonate meter box enclosures.”

Khokhar disclosed that the 20,580sqm manufacturing facility, inaugurated by Vice- President Yemi Osinbajo in September 2017, had so far supplied over 200,000 meters to Discos and was set to produce a minimum of 175,000 meters catering to domestic and international requirements in the short run.

He said, “Most recently, Armese also leveraged the quality of products manufactured by our subsidiary, MSMSL, to supply high-volume meter assets to the Liberia Electricity Company for an ambitious electrification project funded by the United States of America through the Millennium Challenge Corporation.”

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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