Istanbul, Turkey --- (METERING.COM) --- January 24, 2008 – The Istanbul Water Distribution Authority has signed a contract with meter manufacturer Elektromed for the supply, installation and commissioning of 100,000 integrated smart card prepayment (pay-as-you-go) water meters. Key account water consumers in Istanbul are already familiar with these meters, as almost 30,000 have already been supplied by Elektromed.

The project began by supplying bulk water consumers; now the Authority is expanding deployment to other users, and is reaping the benefits of greater efficiency in revenue collection rates and increased awareness of the need to conserve water on the part of consumers.

Prepayment solutions have become a focus for Turkey over the last two decades, and the country is now one of the key prepayment markets in the water sector. Turkish regulations do not allow prepayment electric meters at the moment, pending a decision on the privatization of the state-owned electric distribution company.

It is hoped that the prepayment water metering system at Istanbul will allow customers to save almost 15% on their water bills, because of the greater control they have over their consumption. Installation has already begun, with a team of 150 people, and the plan is to complete the project within 12 months.

“Prepayment systems will have a significant impact on water saving and revenue collection,” said Ahmet Kaya, CEO of Elektromed, adding that this new project is an important step to increase the efficiency of water consumption – especially at a time when water reserves in Istanbul are so limited after two years of drought.

Elektromed offers meters with two-way communication smart card technology. The company has a market share in Turkey of almost 98%, with 1 million smart card prepayment gas and 400,000 smart card prepayment water meters installed.