ABOUT US
New Hampshire Capital is an asset management company focused on innovative structures to bridge the metering gap in emerging economies. Our unique offering leverages partnerships – bringing together capital and key parties such as meter manufacturers/suppliers and local meter service providers – to deliver value to the utilities we work with. We work with stakeholders in the sector to develop sustainable financing and asset management models. As asset managers to utilities, we manage the process of procurement, installation and on-going maintenance to maximise the value of the asset.
Meter Asset Provider Scheme
New Hampshire Capital is one of the Meter Asset Providers, approved by the Nigerian Electricity Regulatory Commission (NERC) to work with Distribution companies in Nigeria to bridge the metering gap. New Hampshire Capital is licensed by the regulator to deliver MAP services to Ikeja and Ibadan Electricity Distribution Companies. The MAP scheme will see Nigeria close the existing metering gap by 2022 bringing and end to estimated billing and improving the collection efficiency across the sector.
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PLANNED INSTALLATION FOR IKEDC
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Who are Meter Asset Providers (MAPs) ?
These are companies licensed by the Regulator to procure and install meters for customers of electricity distribution companies.
Are Meters Free?
In line with NERC regulations. customers are expected to pay for meters. The payment for the meter by the customer can either be upfront or in installments.
How much does a meter cost ?
A single-phase meter cost-, N48,264 and a three-phase meter costs N89,070 These are all inclusive of VAT.
I cannot afford to pay for the meter at once
Customers who cannot afford to pay for their meters upfront can pay in installments. The installment payment is by regulation referred to as the Monthly Metering Service Charge (MSC) and will continue until full amortization of the meter asset cost, as agreed with the MAPs.
Get Yours Today!
The MAP scheme will see Nigeria close the existing metering gap by 2022 bringing and end to estimated billing and improving the collection efficiency across the sector.