Addis Ababa, Ethiopia --- (METERING.COM) --- February 20, 2008 – The Ethiopian Electric Power Corporation (EEPCo) plans to replace existing meters in the capital and other major cities in the country with pay-as-you-go (prepayment) meters from El Sewedy. The contract will commence in March, and involves the replacement of 120,000 meters. El Sewedy, an Egyptian company, intends to establish a factory in Ethiopia to manufacture electricity meters and other electrical products.

EEPCo began a pilot project to test the prepayment meters several months ago, and results have been good. The utility is introducing prepayment to avoid estimated bills, something which consumers have objected to. The new meters will also allow the utility to improve revenue collection and eradicate bad debts. Customers also appreciate the fact that they are not required to pay electric deposits when they have prepayment meters.