UXC Limited (UXC) is pleased to announce its wholly-owned business unit Skilltech Consulting Services Pty Ltd has been awarded two separate contracts by EnergyAustralia and Integral Energy for the provision of electricity meter-reading services with a combined potential value of $28.65m. Delivery of the EnergyAustralia contract commenced on 1 April 2010 for a two year period with two discretionary two-year options and is valued at $14.4m over the initial two year term. The contract is for provision of cyclic and non-cyclic electricity meter-reading for homes and businesses to the Sydney, Central Coast and Hunter regions. This is the first time EnergyAustralia has awarded its entire network to one supplier. Delivery of the Integral Energy contract commenced on 22 March 2010 for three years with two one year options and is valued up to $14.25m if the two options are exercised. The three year contract is for provision of cyclic electricity meter-reading for homes and businesses in western Sydney and the Illawarra. This is the first time Integral has outsourced this activity. With the award of these two tenders, Skilltech is now contracted to supply 100% of outsourced electricity meter-reading in the Sydney region and over 70 per cent of the available meter reading market in NSW across the three codes of electricity, gas and water.
UXC Executive Chairman Geoff Lord commented, “The award of these two tenders recognises the ability of Skilltech to provide timely, reliable and accurate meter-reading services while integrating quality, safety and the environment into every solution. It strengthens Skilltech’s market leadership position in the metering space.”
Skilltech is the market leader in metering in Australia. Skilltech provides meter reading, meter installation and meter services for gas, water and electricity authorities throughout Australia. Established in 1991, Skilltech is the largest metering provider in Australia, reading over 25 million meters and replacing over 100,000 meters per annum. Skilltech has been successful in securing major contracts for Advanced Metering Infrastructure (Smart Metering) and provides turnkey consulting, deployment, communications and data management services. UXC Limited is an S&P / ASX 300 listed Australian business solutions company. UXC has a successful history of creating shareholder wealth and has established a strong track record in growing revenue, earnings, EPS and dividends over an extended period. UXC provides its services through three operating divisions: Business Solutions Group; Business Applications and Infrastructure Professional Solutions Group; and Field Solutions Group.
EnergyAustralia is one of the largest energy suppliers in Australia with 100 years experience. It is a leader in providing broad-based energy solutions ranging from electricity and gas supply, to energy management and renewable energy alternatives. Integral Energy is a NSW Government state-owned energy corporation, with a proud 50 year history serving some of Australia’s largest and fastest growing regional economies. Integral Energy manages a $3.8 billion electricity network for 859,519 customers, or 2.1 million people, across a network franchise spanning 24,500 square kilometres in Sydney’s Greater West, the Illawarra, Blue Mountains and the Southern Highlands. Integral Energy’s retail business operates successfully in the National Electricity Market, with services focused in NSW and South East Queensland.
