Electricity meters n39 17bn approved gencos supply
It appears that you're referring to a news article or a report about the Nigerian power sector. Here's a breakdown of the information:
- "Electricity meters N39.17bn approved Gencos supply": This suggests that the Nigerian government has approved the supply of electricity meters worth N39.17 billion (approximately $107 million USD) to the Generation Companies (Gencos) in the country.
- "Gencos" refers to the private companies that generate electricity in Nigeria. These companies are responsible for producing electricity and selling it to the Transmission Company of Nigeria (TCN), which then transmits it to the Distribution Companies (DisCos) for distribution to end-users.
In this context, the approval of the supply of electricity meters to Gencos likely means that the government has given the green light for the procurement and installation of new meters to measure the electricity generated by these companies. This could be a significant development in the Nigerian power sector, as it may help to improve the accuracy of electricity billing and reduce the estimated billing that is common in the country.
It's worth noting that the Nigerian power sector has faced several challenges in recent years, including inadequate infrastructure, poor maintenance, and corruption. The approval of the supply of electricity meters to Gencos could be a step towards addressing some of these challenges and improving the overall efficiency of the power sector.