Timo Karttinen,
Senior Vice
President for
Corporate
Development,
Fortum
 
Espoo, Finland --- (METERING.COM) --- January 27, 2010 - Fortum’s 550,000 household and small business customers in Finland are going to be connected to a smart metering system, with installation due to start shortly.

The project, with meters being installed by Eltel Networks and Telvent in charge of the project design, development and start-up of the smart meter management system (SMM),  is the largest of its kind in Finland and will be carried out by 2013.

“We are pleased to execute this extraordinary large and important project in cooperation with Telvent and Fortum,” said Juha Luusua, managing director of Eltel Networks Oy. “This is an excellent example of the value that our AMM processes and Eltel Connect product provide to our customers’ business, and is a logical continuation to several other AMM projects which we have carried out successfully in Finland.”

Other projects in Finland which Eltel has carried out include the supply of 330,000 meters to Vattenfall, and currently the company is providing AMM installation services to Kainuun Energia, Vaasan Sähkö, Tampereen Sähkölaitos and Helsingin Energia.

Finnish legislation requires hourly meter reading by the end of 2013.

“With the new smart meters invoicing will be based on real electricity consumption,” said Timo Karttinen, Fortum’s senior vice president for corporate development. “Better knowledge in turn improves energy efficiency and makes it easier to operate and manage network capacity when actual customer electricity consumption is known. In addition, the smart meters will be used for faster power failure resolution and as a platform for future services within electricity solutions.”