Itron Smart Payment Solution Selected to Improve Nationwide Electrification in Indonesia
June 28 2016 - 8:45AM
Business Wire
PT PLN, a state-owned utility company in
Jakarta, signs contract with PT Mecoindo for convenient electricity
prepayment
Itron, Inc. (NASDAQ: ITRI), a world-leading technology and
services company dedicated to the resourceful use of energy and
water, announced today that PT Mecoindo, a joint venture between
Itron and a local partner, signed a contract with PT PLN (Persero),
a state-owned utility company in Jakarta, Indonesia, to deploy
635,000 Itron smart payment meters. With this Itron solution, PT
PLN will provide end-customers with a convenient, cost-effective
way to prepay for electricity; thus improving electrification for
Southeast Asia residents. Installation is expected to be complete
by the end of 2016.
Itron’s smart payment technology is designed to help utilities
implement revenue protection measures as well as empower consumers
to manage their electricity usage according to their budget and
needs. Consumers have insight into how much money they have spent
in a given period and how much they have left, reducing the
likelihood of an untimely shut-off. In addition to these
consumer-focused benefits, utility companies realize business value
by simplifying utility customer service, lowering operational costs
and reducing delinquent account risks, while improving cash
flow.
“We believe Itron’s products are the highest quality in the
industry and the best fit for our electrification program,” said
Septa Hamid, general manager of supply chain management at PT PLN
(Persero). “Our goal is to provide convenient and affordable
electricity services to more people in Indonesia, and with Itron’s
smart payment solution, we are making that goal a reality.”
“We are pleased Itron’s smart payment solution was selected by
PT PLN. Itron’s technology will help PT PLN achieve its
electrification goals and bring a greater understanding of energy
use and costs for consumers,” said George Daenuwy, PT Mecoindo
president director. “We look forward to contributing to this
program, which truly demonstrates how we are helping utilities
better manage resources for a more resourceful world.”
About ItronItron is a world-leading technology and
services company dedicated to the resourceful use of energy and
water. We provide comprehensive solutions that measure, manage and
analyze energy and water. Our broad product portfolio includes
electricity, gas, water and thermal energy measurement devices and
control technology; communications systems; software; as well as
managed and consulting services. With thousands of employees
supporting nearly 8,000 customers in more than 100 countries, Itron
applies knowledge and technology to better manage energy and water
resources. Together, we can create a more resourceful world. Join
us: www.itron.com.
Itron® is a registered trademark of Itron, Inc.
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version on businesswire.com: http://www.businesswire.com/news/home/20160628005683/en/
Itron, Inc.Sharelynn MooreVice President, Global
Marketing and Public
Affairs509.891.3524sharelynn.moore@itron.com
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