PT PLN, a state-owned utility company in Jakarta, expands contract
with Itron for a total of more than 1 million smart payment meters
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--
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 in Indonesia, is expanding its work with PT PLN (Persero) to
broaden electrification for residents in Indonesia. The utility recently
signed a new contract with PT Mecoindo for an additional 500,000 smart
payment meters, which expands upon an agreement announced
earlier this year to deploy 635,000 smart payment meters. With the deal,
more PT PLN customers will have access to electricity as well as a
convenient, cost-effective way to manage and pay for their usage.
After a successful initial rollout, PT PLN decided to expand its use of
Itron's smart payment solution to include a total of more than 1 million
meters. The solution helps the utility implement revenue protection
measures while empowering consumers to manage their electricity usage
according to their budget and needs. With Itron's smart payment
solution, consumers have insights into their remaining energy balance,
reducing the likelihood of an untimely shut-off. In addition, PT PLN is
benefiting from the ability to streamline customer service and bill
payment while reducing operational costs, delinquent account risks and
improving cash flow.
"Itron's smart payment solution is helping PT PLN enhance our ability to
provide convenient and affordable electricity services to energy
consumers in Indonesia. We are pleased to be able to extend this benefit
to even more customers with this new contract," said Septa Hamid,
general manager of supply chain management at PT PLN (Persero). "With
Itron's high-quality, reliable technology, we are expanding
electrification and improving service to our customers."
"We look forward to continuing our collaboration with PT PLN to provide
consumers with a convenient, cost-effective way to prepay for
electricity," said George Daenuwy, PT Mecoindo president. "Itron's smart
payment solution directly supports the goals and outcomes of PT PLN's
electrification program and enables the utility and its customers to
better manage energy resources."
Itron 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
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Itron applies knowledge and technology to better manage energy and water
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View source version on businesswire.com: http://www.businesswire.com/news/home/20161220005267/en/
Sharelynn Moore, 509-891-3524
President, Global Marketing and Public Affairs
Source: Itron, Inc.
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