Telvent to Provide Control Systems for 500 Kilometers of Power Transmission Lines in Brazil
Posted on: Thursday, 21 December 2006, 09:00 CST
Telvent GIT S.A. (NASDAQ: TLVT), the Global RealTime IT Company, today announced the signing of a more than three million euro contract to provide control systems to monitor more the 500 kilometers of power transmission lines for the National Electric Energy Agency of Brazil (ANEEL).
Telvent will provide the protection, control and monitoring system for the transmission lines that link the northeast Brazilian regions of Maraba, Itacaiunas, Collins, and Carajas. The Company will also provide the communications infrastructure required for the system's operation. Telvent's OASyS technology will be utilized for the project, allowing automatic monitoring of line status, incident control, and presentation of reports to control center operators, thereby enhancing power transmission in the region.
According to Telvent's chairman and chief executive officer, Manuel Sanchez Ortega, "ANEEL is the regulating body for Brazil's electric sector and signing this contract certainly strengthens our position in the country's energy infrastructure sector. We see this as a strategic contract in a country whose electric sector offers great growth potential."
Telvent has been present in Latin America for more than 17 years. It is a market that currently represents more than 30 percent of sales. Telvent has executed projects in the energy sector such as that awarded by Latin America's most important energy group, Enersis, to upgrade the energy control centers of its electrical subsidiaries, Edegel and Edelnor.
Other projects include the management system for the distribution operation centers of the power company Light, of Rio de Janeiro (Brazil); the control system for the combined-cycle Emilio Portes Gil thermal power plant (Mexico); and the power transmission network for the Federal Electricity Commission of Mexico.
Telvent (NASDAQ: TLVT), the Global RealTime IT Company, specializes in high value add solutions and services in four industry segments (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.
Investor Relations Contacts: Jose Ignacio del Barrio Tel: +34 902-335599 Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=0606C80F99FD6186 Mark Jones Tel: +1 646 284-9414 Email: Contact via http://www.marketwire.com/mw/emailprcntct?id=27E4BAB19F8FC39C
SOURCE: Telvent GIT S.A.
Source: MARKET WIRE
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