Coal

VA Tech CNI joint venture secures €7m Malaysian contract

3 February 2003 – VA Tech CNI (VA Tech CNI Control, Networks & Information Management), jointly owned by VA Tech SAT and PSI, was awarded a contract to supply a network control system for Tenaga Nasional Berhad (TNB), Malaysia’s largest utility. The new system is designed to control the distribution network of TNB’s metro region, spanning the capital Kuala Lumpur and the surrounding Klang valley. The order for the entire system is worth more than €7m.

Founded as recently as May 2002 by VA Tech SAT and PSI for worldwide marketing of all-inclusive solutions in the energy control sector, VA Tech CNI’s portfolio combines PSI’s high-end control systems with the innovative range of products offered by VA Tech SAT for station automation, remote control, and data communication to provide leading turn-key solutions for power utilities all over the world.

For PSI this order by TNB represents an important strategic step towards becoming an international supplier of high-end energy control technology, while VA Tech SAT regards this project as a major milestone in attaining its goal to earn a reputation as a global all-inclusive solution provider. Moreover, this order results in a significant expansion of business volume.

PSI AG develops individual solutions for the management of large networks (electricity, gas, oil, telecommunications, transport), cross-corporate production management as well as information management for public authorities and service providers on the basis of their own software. The company was founded in 1969 and currently employs 1,300 employees in the group.

VA Tech SAT is the leading supplier of complete solutions for the power industry and delivers comprehensive, innovative and economic solutions for the management of process information. In the markets VA Tech SAT serves, it´s never long before it takes its place among the strongest suppliers. In Austria VA Tech SAT is the undisputed market leader. The headquarter of VA Tech SAT is in Vienna. VA Tech SAT is a subsidiary of VA Tech Transmission & Distribution.

VA Tech Transmission & Distribution, a group company of the listed VA Technologie AG, is a leading international supplier of electric power transmission and distribution systems. We offer integrated system solutions and cutting edge technology individually tailored to our customer’s needs. The global network of subsidiaries guarantees fast and efficient on-site service for customers.