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June

Telvent will provide the Control Center for Zhongxian-Wuhan Gas Pipeline in China

June 2, 2004

Madrid, June 2th 2004 - Telvent, the Global RealTime IT Company and subsidary of Abengoa, has been awarded the Zhongxian-Wuhan Gas Pipeline Control Center project by the PetroChina Pipeline Company Limited.

The Zhongxian-Wuhan Gas Pipeline is part of an energy and transportation infrastructure project undertaken by PetroChina, which includes the Lan-Cheng-Yu (LCY) Liquid Products Pipeline and the LangFang National Control Center, also contracted to Telvent. This National Control Center, initially constructed to operate only a few pipelines, including LCY, was recently extended to control thirteen gas, crude and products pipelines by the end of 2004.

Telvent will extend its turnkey Control and Data Acquisition (SCADA) OASyS system, identical to the installed one at Langfang National Pipeline Control Center to monitor and control the 1,347 kilometer pipeline linking Sichuan-Chongqing gas fields with the Hubei and Hunan provinces in South Central China. The control system will interface with the pipeline's metering stations and leak detection systems to provide a reliable, stable and safe pipeline operation. In addition to the LangFang Control Center extension, Telvent's scope includes a Backup Control Center in Wuhan.

Expressing his enthusiasm for the project, Manuel Sánchez Ortega, Telvent's executive president, explained: "The supply of a clean and high quality energy source to commercial and residential users along the length of the pipeline will aid in supporting the petrochemical, power generation, building material, metallurgy, and urban fuel projects, improving the region's economic and energy outlook."

This new contract is added to the recent adjudications by more than twenty-six million Euros carried out by the company in the Asian country in the last dates, among which operations stand out as the traffic control system in Xinxiang or the automatic ticketing system and the communication system by radio for Tianjin's underground.

Telvent, the Global RealTime IT company and subsidiary of Abengoa, is specialized 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 Madrid 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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