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March

Telvent announces the start-up of an automatic meter-reading system in the Port de Valencia, under the supervision and management of Iberdrola

March 16, 2004

Madrid, 11th March, 2004 - Telvent, the Global RealTime IT company, subsidiary of Abengoa, and Iberdrola, the electrical company responsible for supplying energy for the Port de Valencia, have finalized the start-up of an automatic meter-reading system. This system is based on the TMS system (Telvent Metering System) which will enable the Port Authority to manage its energy services to its customers through a bidirectional, extendable communications infrastructure, using its own electrical low tension network for communication.

The TMS system permits utilities to adopt an agile, flexible communications infrastructure from the measuring point and offers a wide range of services which result in savings, benefits and optimize revenue by transforming the electrical infrastructure into a bidirectional communications network with new intelligent meters. The information is taken across PLC (Power Line Communication) from the book-keepers up to the transformation center, from where trough a concentrator they are transported to their own local network of the Port Offices (Ethernet Network) in order that they could be managed by the operator.

In addition, Telvent offers installation and high value project management services and software applications. It also offers new services such as external hire meter-reading and meters adapted to local market needs, based on a field tested network infrastructure, which is highly functional and reliable consisting in a software platform, powerful IP (Internet Protocol) connected data concentrators and a family of intelligent electrical meter panels.

According to Manuel Sánchez Ortega, Telvent's Chief Executive Officer, " As a unique system in the internal management Port applications, the TMS will allow the Port Authority to minimize costs as for the management and invoicing to its clients, as well as in the reduction of the time used in the treatment of the Client's problems and complaints."

Iberdrola, Port of Valencia's energy supplier, as company in charge of the technical supervision and aims of the project, had the system before for the certification and checking of its functionality, giving its ok and recommending to the Port Authority the use of Telvent's system, after trying different solutions.

Telvent, the Global RealTime IT company and subsidiary of Abengoa, is specializes in solutions with high added value, in four specific industrial sectors (Energy, Traffic, Transport and Environment) in the Americas, Spain and China. (www.telvent.com)

Abengoa, industrial and technology company with worldwide activities, provides solutions for Sustainable Development, the Information and Knowledge Society and the Creation of Infrastructures. The company has a capitalization of over 500 million euros (31/12/2003) and is listed on the Stock Exchange. Abengoa operates in four important areas: Bioenergy, where it is the world's second largest bioethanol producer; Environmental Services, where it is European leader in different industrial waste market segments; Information Technologies, where it has achieved global recognition and has operations in Europe, North America and Asia; and Industrial Engineering and Construction, where it is leader in Spain and Latin America. (www.abengoa.com)



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