SOURCE: Telvent GIT S.A.

January 04, 2007 08:30 ET

Telvent to Upgrade Chiapas Hydroelectric Power Plant

MADRID, SPAIN -- (MARKET WIRE) -- January 4, 2007 -- Telvent GIT S.A. (NASDAQ: TLVT), the Global RealTime IT Company, announced today it has signed a contract for almost one million euros with the Federal Electricity Commission (CFE) of Mexico to upgrade the Peñitas hydroelectric power plant, located in the State of Chiapas.

Telvent will supply and install a control system for four electric generating units with a total rating of 420 megawatts that supply the States of Tabasco, Chiapas and Campeche. The Company will also provide its Hycos (Hydraulic Control Open System) technological solution which will manage the generation of hydroelectric energy at the plant.

The development of this system is based on Telvent's technological platform for real-time information management and control (OASyS DNA) and its technological solution (PLC Saitel 2000 DP) which ensures greater availability and efficiency for professionals that operate with this technology.

According to Telvent's chairman and chief executive, Manuel Sánchez Ortega, "Telvent's upgrading of the Peñitas Power Plant data acquisition and control system will ensure uninterrupted operation of the facilities, safety of the plant personnel, and continuity of electric energy generation."

"Telvent has a long history in the Mexican Energy industry, particularly the Oil and Gas sector, and we are continuing to build our presence in the Electricity generation sector. This project consolidates our presence in the Mexican generation sector where upgrading the installations at hydroelectric power plants are aimed at enhancing Mexico's hydroelectric resources, including the use and harnessing of water as a renewable energy source," added Mr. Sánchez Ortega.

The Peñitas plant is part of the river Grijalva complex, where four dams have been constructed: Belisario Dominguez (La Angostura); Manuel Moreno Torres (Chicoasen); Nezahualcoyotl (Malpaso); and Angel Albino Corzo (Peñitas). The electricity generated in Chiapas represents about one half of the hydroelectric energy produced in Mexico.

Telvent has had a permanent headquarters in Mexico since 1990. It has developed data and control system projects in the country's energy, traffic, transport and environment sectors. The most recent project undertaken by Telvent in the Mexican Hydroelectric Generation sector was the upgrading of the Temascal Hydroelectric Power Plant. Telvent supplied and installed a control system for the more than 350 megawatt rated electricity generators that provide electricity for a population of more than 300,000 in the States of Veracruz and Oaxaca.

Telvent (NASDAQ: TLVT), the Global RealTime IT Company, specializes in high value add solutions and services in four industry segments (Energy, Traffic, Transport and Environment). Its technology allows high performing companies to make real-time business decisions using data acquisition, control, and advanced operational applications, providing secure actionable information delivery to the enterprise. (www.telvent.com).

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