June 26, 2008
Telvent Develops Technological Project for Sinopec, One of the Most Powerful Energy Utilities in China
MADRID, Spain, June 26, 2008 (PRIME NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today that it has been awarded the project for supplying technological systems that will control the Sichuan-East China gas pipeline, owned by Sinopec (China Petroleum & Chemical Corporation), the second largest oil and gas operator in China, and the country's largest corporation in turnover volume in 2007. The contract amount totals more than 2.4 million euros.
The project involves Telvent's delivery of a turnkey solution adapted to the control and supervision needs and requirements of Sinopec's gas pipeline. This solution, based upon Telvent's OASyS 6.3 SCADA system for data acquisition and control, will provide Sinopec with accurate data on the entire process of gas transportation, thereby ensuring optimization of China's natural gas resources.The data acquisition and control solution will be implemented in the main control center and the emergency control center, where the 20 data acquisition stations and the 25 communication stations (PLC: Power Line Communication) will be controlled. In addition, Telvent will handle system design, integration with the existing systems, testing, installation, start-up, training and maintenance.
Factors such as the system's functional and operational advantages, Telvent's ability to provide local support, its proven and extensive experience in this field, and its strong commitment to all of its clients, put Telvent ahead of the companies that tendered for this project. By winning this project, Telvent has succeeded in diversifying its client portfolio in a region that is strategically significant for the Company.
At present, Sinopec has divided the construction of its gas pipeline into three important projects, which will have a direct impact on the evolution of the gas SCADA market. Among these, noteworthy is the Sichuan-East China project, for which Telvent was selected. This makes the Telvent award doubly significant, as the company thereby gains an important point of reference in the SCADA market.
Telvent has executed similar projects worldwide; worth mentioning among them are the oil and gas pipeline SCADA control platform for PetroChina's main control center in Beijing, the SCADA system for supplying gas to the city of Chongqing, the management system for the Guangdong Dapeng LNG gas pipeline, the SCADA system for the Zhong-Wu gas pipeline, and the Yapracik-Ankara natural gas SCADA for BOTAS.
Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, specializes in high-value-added products, services and integrated solutions for the Energy, Transportation, Environmental and Public Administration industry segments, as well as Global Services. Its innovative technology and client-proven expertise enable efficient and secure management of the operational and business processes of the world's leading companies. (www.telvent.com)
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CONTACT: Telvent GIT S.A. Investor Relations: Barbara Zubiria +34 902 335599 [email protected] The Global Consulting Group Investor Relations: Lucia Domville +1 646 284 9416 [email protected] Abengoa Communication Department: Patricia Malo de Molina +34 954 93 71 11 [email protected]