Itron and its joint venture partner in Indonesia PT Mecoindo have signed a contract with PT PLN, a state-owned utility company to deploy 635,000 of Itron's smart payment meters.

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.

PT PLN (Persero) supply chain management general manager Septa Hamid said: "We believe Itron’s products are the highest quality in the industry and the best fit for our electrification program.

"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."

PT Mecoindo president director George Daenuwy said: "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.

"We look forward to contributing to this program, which truly demonstrates how we are helping utilities better manage resources for a more resourceful world."