Tuesday, May 10, 2011
Kenya power company makes prepaid electricity meter push
According to Kenya's Daily Nation, the Kenya Power and Lighting Company Ltd. is expanding its prepaid electricity meter program in the East African country. Power customers will be able to pay for electricity in advance via funds loaded onto "scratch" prepaid cards and converted into "utility units," the online news outlet said.
KPLC contracted with South Africa prepaid meter supplier Actaris for the initial delivery of 250,000 meters to be installed in largely domestic utility customers. KPLC's reported goal is to transition 1.4 million customers to prepaid meter usage, using approximately 300,000 meters installed at a cost of 2.5 billion Kenyan shillings (approximately $30 million).
KPLC embarked on the prepaid meter initiative to increase its revenue base and reduce the incidence of unpaid customer bills and illegal consumption of electricity in poorer neighborhoods in Nairobi and other parts of Kenya, the Daily Nation said. The initiative follows KPLC's prepaid meter pilot program that ran in Nairobi and outlying areas from April 2009 to February 2010.
Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.
Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.
