Eltel lands €22m Swedish smart meter rollout contract
March 11, 2020
Vattenfall Eldistribution, one of the largest distribution system operators in Sweden, is paying local company Eltel €22m to replace 236,000 electricity meters with smart meters.
Eltel will be responsible for the rollout and implementation of 236,000 smart meters and technology for 15,400 secondary substations metering in the middle and western part of Sweden. The scope includes planning, installation and logistics of new and old meters, and related infrastructure.
The project is the first of Vattenfall's four phases to replace and install a total of about 900,000 electricity meters in Sweden to meet requirements from both the EU and the Swedish government by January 2025.
The project will starts at the end of this month and is expected to be completed in the fourth quarter of 2022. The contract includes an option of the remaining three phases, with an additional value of about €49m.
Eltel is a northern European provider of technical services for critical infrastructure networks – infranets – in the segments of power, communications and other, with operations throughout the Nordics, Poland and Germany. It provides a broad, integrated range of services from maintenance and upgrade services to project deliveries.
Eltel has a diverse contract portfolio and a growing customer base of large network owners. In 2019, it had annual sales of €1.1bn. The total number of employees stands at around 6700. Eltel has been listed on Nasdaq Stockholm since 2015.