Vattenfall Extends Partnership With Telvent to Operate Smart Metering Network in Sweden
finance.yahoo.com
Framework Agreement Also for Potential Extension Until 2017 to Operate the Entire Network
ROCKVILLE, Md., June 29, 2010 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today its agreement with the Swedish utility Vattenfall Eldistribution to extend the operation of its smart metering system, Amrelva 3, until the year 2014. Telvent has successfully partnered with Vattenfall since 2006, implementing and operating a metering network of more than 600,000 smart meters. The contract further extends Telvent's position as an international leader in smart grid solutions for utilities across the world.
Vattenfall Eldistribution, Vattenfall Services and Telvent have also signed a letter of intent to work together in the operation and enhancement of the entire metering network for the next six years. The intention is to operate more than 850,000 meters in Sweden, including both industrial and residential customers through 2017. |
