Global Utilities Management Co. (GUMCO) has signed a partnership agreement with Genus Power Infrastructures Ltd for the manufacturing, assembling and development of electricity metering solutions for Nigeria, and other countries in the West African sub-region.
According to The Guardian, the agreement between Vigeo Group subsidiary GUMCO and Genus Power, "signifies the intention to collaborate closely on developing viable solutions to meet Nigeria and West Africa’s power metering needs."
It adds that the agreement provides a "framework for joint research, setup and deployment to develop innovative features tailored to the challenges of the West African power market."
GUMCO and Genus believe that through their partnership, Nigerian power distribution companies (Discos) will have ample opportunity to service their consumers with metering solutions suitable to the real-world challenges of the market as well as enhance their bottom-line and reputation with their customers.
According to GUMCO business development manager, Tosin Osibodu, “GUMCO is excited and honoured to be part of this unique partnership with Genus Power.”
“Together with Genus Power, we can leverage on each other’s expertise and collaborate to manufacture, assemble and provide high-quality metering solutions made in Nigeria to service Nigeria and moving forward to the West African market on country to country basis. We’re looking forward to a rewarding and mutually beneficial partnership.”
Executive vice president of Genus Power, R. Viswanathan, commented: “As a leading meter manufacturer, with the largest installation base of meters in India, it is imperative that Genus shares its experience with its partner GUMCO to provide a range of highly innovative and sustainable metering products and solutions to mitigate the pain areas of Nigerian DISCOMs and customers.”
The companies believe that their partnership will be a key driver enabling greater performance and accountability within the power sector while creating local jobs through the lifecycle of meter manufacturing.