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Slovenia Business Week no. 29/2004: Iskraemeco Signs EUR 30m Deal with Sweden's Vattenfall

Slovenian company Iskraemeco signed a contract with Vattenfall nder which it will supply Sweden's largest electricity company with a comprehensive system for automated meter reading

Slovenian company Iskraemeco signed a contract with Vattenfall on Friday, 16 July under which it will supply Sweden's largest electricity company with a comprehensive system for automated meter reading. The company said it won the deal worth more than 30 million euros in competition with the world's top providers of such equipment.

The contract envisages the supply of equipment, its installation, start-up and servicing. Covering 150,000 households, the system will be set up within two years.

Kranj-based Iskraemeco is one of the world's leading producers of equipment and systems for energy measurement and management segmentation.

"We continue with our efforts to give Vattenfall users accurate energy bills. At this stage we have decided to select among the fierce competition on the market a supplier that will meet our great demands and expectations," Vattenfall Eldistribution CEO Goeran Lundgren said as the contract was signed on Friday, 16 July. According to Iskraemeco chairman Slavko Vidic, the deal is a landmark in the development of the company as it places it among the leading providers that can offer a new technology for calculation of energy consumption.

"It is of strategical importance for Iskraemeco to acquire the largest possible market share in electricity metering systems as it wants to keep its position among the leading companies in this area," Vidic added.

The invitation to tender for Vattenfall metering system attracted all the world's leading manufacturers of electricity meter equipment. An important reference for Iskraemeco was that earlier this year the company sold its first major system to the Swedish power distribution firm Sydcraft.

The company also says in its press release that it will implement the project won today in cooperation with Swedish companies WM-Data and Bravida.

Author: Branka Murn