Telvent to Upgrade Technology Infrastructure for Venezuela's Main Electricity Company
Posted on: Thursday, 27 July 2006, 12:01 CDT
Telvent GIT S.A. (NASDAQ: TLVT), the Global RealTime IT Company, announced today that it has signed a contract with Venezuela's main electricity company, Compania Anonima de Administracion y Fomento Electrico (CADAFE), to upgrade electricity management systems that control over 65,000 kilometers of distribution lines used to supply power to more than two and a half million people.
This project, with a value of more than eight million euros, is part of the investment that Venezuela is making to upgrade technology infrastructure in the country's electricity sector. Telvent's technology will help CADAFE to provide a global service in every step of the distribution cycle and to increases safety and security. Telvent will supply and install technological solutions for the efficient management of the power distribution grid and customer service enhancement. The solutions to be implemented include systems that execute the control and acquisition of data (SCADA), planning and optimization of energy distribution operations (DMS), management of incidents on the grid (ArcFM/Responder) and power grid maintenance management (SGM).
According to Telvent's chairman and chief executive officer, Manuel Sanchez Ortega, "Our technology will help CADAFE overcome the difficulties and challenges involved in operating the country's vast energy supply network. Following on from the contract we recently signed to upgrade Venezuela's transport infrastructure, this contract further strengthens our business relations in the country and consolidates our position in this country."
Telvent has had a full-time presence in Latin America since 1990. The Company's most important projects in the region include a management system for the distribution operation centers of electricity company Light, in Brazil; several control systems for the Enersis group, in Peru and Chile; and for the Comision Federal de Electricidad, in Mexico.
Telvent (NASDAQ: TLVT), the Global RealTime IT Company, specializes in high value add solutions and services in four industry sectors (Energy, Traffic, Transport and Environment). Its technology allows high performing companies to make real-time business decisions using data acquisition, control, and advanced operational applications, providing secure actionable information delivery to the enterprise (www.telvent.com).
Investor Relations Contacts: José Ignacio del Barrio Phone: +34 902-335599 Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=26BB5FE0BDC8CDC1 Mark Jones Phone: +1 646 284-9414 Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=C484B42D7E0937EE
SOURCE: Telvent GIT SA
Source: MARKET WIRE
Related Articles
- Watson Cogeneration Receives Controls Upgrade From GE Energy
- Examine the Biggest Challenges to Enterprise Network Upgrade Strategies at Global 2000 Enterprises
- Research and Markets: Kenya Electricity Generating Company Limited Energy - Alternative Energy SWOT Report
- The Renewable Energy: Global Industry Guide is Out Now
- Baltimore Gas and Electric Selects Accenture for Energy Saving Initiative
- Recycled Energy Development and Denham Capital Management Announce $1.5 Billion Partnership to Develop Waste Energy Recycling Projects
- U. S. Steel Names Michael N. Meyers General Manager-Service Centers, Electrical, Agricultural and Industrial Equipment
- Invensys Recognized By Energy Northwest for Successful Fast-Track Main Turbine Controls Upgrade at Columbia Generating Station
- Ludlow China Fund Upgrades Welwind Energy International Corp.
- Socialist Maps His Agenda for Bolivia Morales Vows Tighter Controls on Foreign Energy Companies
 |
 |
User Comments (0)
RSS Feeds