ROCKVILLE, Md., June 16, 2010 (GLOBE NEWSWIRE) -- Telvent (Nasdaq:TLVT), the IT company for a sustainable and secure world, announced today its agreement with Larsen and Toubro Ltd. to partner on a turnkey contract for Maharashtra State Electricity Distribution Co. Ltd. to implement baseline data and information technology (IT) applications for energy accounting, auditing and IT-based consumer service centers for 95 towns in India.
With Telvent Smart Grid Solution, Maharashtra is able to effectively measure the aggregate technical and commercial losses and increase reliability and quality of electric supply to its customers, as well as enhance the operation of the distribution network.
For Telvent and Larsen and Toubro, this project is a new opportunity to deploy state-of-the-art technology using the Telvent Smart Grid Solution which provides the necessary toolset for utilities to take an active role in the rapidly emerging smart grid systems.
The Maharashtra Project includes GIS-based indexing and asset mapping (ArcFM), GIS network analysis based on Distribution Management System (DMS) on a Web based platform. The project is part of the Restructured Accelerated Power Development and Reforms Program (R-APDRP), an initiative of Ministry of Power of the Government of India. The objective of R-APDRP is to reduce the technical and commercial losses in project areas. The cost of the program is 500 billion Indian rupees (approximately 8.3 billion Euros).
According to Telvent's CEO, Ignacio Gonzalez, "Today, more and more utilities worldwide are interested in Telvent's Smart Grid technologies. Our key partners, like Larsen and Toubro, are able to deliver the right suite to monitor, manage, and translate data into actionable business information."
Telvent has proven experience in deploying similar projects throughout the world such as Advanced Metering Infrastructure (AMI) projects for Vattenfall (Sweden), Fortum (Finland) and SCADA, DMS, GIS and OMS projects for Consumers Energy (United States), Progress Energy (United States), Distribution Grids of Elektra (Panama), Emcali (Colombia), Saesa (Chile) and CNFL (Costa Rica).
The Maharashtra Project enables Telvent to improve and expand its position in India. Since 2005, there have been many joint projects completed in India, powered by Telvent's Smart RTU and OASyS technology including Jamnagar Export Refinery Project (JERP), the world's largest petroleum refinery and property of Reliance Industries Ltd; Oil and Natural Gas Corporation Limited (ONGC); and Hindustan Petroleum Corporation Limited (HPCL), among others.
About Telvent
Telvent (Nasdaq:TLVT) is a global IT solutions and business information services provider that improves the efficiency and reliability of the world's premier organizations. The company serves markets critical to the sustainability of the planet, including the energy, transportation, agriculture, and environmental sectors. (www.telvent.com)
The Telvent GIT S.A. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6852
About Larsen & Toubro Limited
Larsen & Toubro is a USD 8.5 billion technology, engineering and construction group, with global operations. It is one of the largest and most respected companies in India's private sector. A strong, customer –focused approach and the constant quest for top-class quality have enabled L&T to attain and sustain leadership in its major lines of business over seven decades.(www.larsentoubro.com)