The City of Tshwane is pulling the plug on smart meters contract with Peu

The City of Tshwane’s daily payment to its erstwhile electricity smart meters contractor Peu Capital Partners has been drastically reduced from R4million to R1.8m. In addition, MMC for utility services Abel Tau said the municipality has covered ground towards the replacement of the almost 13 000 meters that had already been installed as part of the deal. The replacement of the meters comes after AfriBusiness succeeded in having the Peu irregular smart meter contract set aside in the Gauteng High Court, Pretoria. But Tau said the reduction of daily payments to Peu was the essence of what the City wanted residents to know about. “We have made a decision that would save the City a huge amount of money to ensure that we can take those savings and redirect them to service delivery,” he said. Regarding the sum of R4m previously paid to Peu, he said: “I checked last week and the amount has drastically dropped. I think we were at R1.8m” He said the City was making inr…
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