PT PLN, a state-owned utility company in Jakarta, signs contract with
PT Mecoindo for convenient electricity prepayment
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, 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
"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
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 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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Vice President, Global
Marketing and Public Affairs
Source: Itron, Inc.
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