In a press statement, the smart grid firm said Mecoindo, a joint venture of Itron and an Indonesian firm, secured a contract to provide the utility with some 635,000 Itron smart payment meters.
The prepaid meters will be installed to help PT PLN’s customers better manage their electricity usage. On the side of the state owned power company, the system is expected to help to simplify customer service, lower operational costs and reduce delinquent account risks, while improving cash flow.
The Jakarta-based utility expects to complete meter installation by the end of this year.
[quote] Septa Hamid, general manager of supply chain management at PT PLN (Persero), said the goal of the project “to provide convenient and affordable electricity services to more people in Indonesia.”
Itron smart payment solutions
The deal follows an announcement by Itron that its Total Outcomes for smart payment has received Standard Transfer Specification (STS) certification.
The company’s Total Outcomes for smart payment solution is Itron’s global cloud-based offering, which provides prepayment vending and customer management software-as-a-service and managed services.
The certification marked first multi-commodity prepayment solution to be certified by STS Association. STS is a secure message system for carrying information between a point-of-sale and a meter, and is currently finding wide application in electricity metering and payment systems. [Prepayment popular amongst wealthy US consumers].
Itron noted that the offering streamlines the deployment of Itron’s smart payment solutions, from keypad meters to smart payment meters, for electric and gas utilities.
According to a release, the newly acquired STS certification validates the interoperability of the smart payment offering and ensures that system components from different manufacturers of prepayment systems can work together.
It adds that the certification also confirms that the appropriate encryption key management practices are applied to safeguard the security of the prepayment transactions of utilities operating STS system.
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