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Madrid, Spain, Dec 20, 2005 -- Telvent GIT S.A. has signed a contract with the Swedish electricity company Vattenfall Eldistribution AB for the supply and management of an automatic metering reading system for residential customers, for an amount over 67 million euros.
The project for the supply of the electricity metering system consists of the development and installation of 300,000 residential meters in the homes of Vattenfall customer's living in the Central, Northern and Western regions of Sweden. The project will commence in the first quarter of 2006 and allows for a potential increase of up to 700,000 meters.
Telvent will also provide complementary metering and data management services, with an integral service for the management and operation of the system that will allow Vattenfall to comply with Swedish legal regulations and improve customer service quality. The contract also includes management of metering information, reporting, and maintenance and support of all devices included in the project. All this real-time information is critical for the billing process of an electric utility.
Telvent technology will allow for the automatization of the reading process in electric meters, as well as for real-time, unscheduled readings in response to customer inquiries. It will also allow for the elimination of most meter reading costs derived from having to perform manual readings of electric consumption.
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