Veolia to manage London's water meters
Veolia-led consortium to manage London's water meters for 10 years
Thames Water has awarded Vennsys Limited, a consortium led by Veolia Water UK, to manage all its metering services which include meter installation, meter reading and the implementation of automatic meter reading by radio communication.
This 10-year (January 2011 to March 2020) contract awarded to Vennsys represents a total estimated revenue of around £240 million (US$388 million).
Vennsys will employ more than 200 people and is a joint-venture between Veolia Water's UK subsidiary Veolia Water UK (51%), H2O Water Services (34%) and Mace (15%).
This contract is part of Veolia Water's continued strategy of growth in the United Kingdom, based on sustainable development and the use of the best technological innovations to protect natural resources.
"Veolia Water is delighted to be part of the Vennsys joint-venture and I am confident that Vennsys will provide an exceptional metering service to customers on behalf of Thames Water," Jean-Michel Herrewyn, CEO of Veolia Water said.
Twenty-eight per cent of the 3.3 million properties supplied by Thames Water in the London region currently have meters. The company aims to increase this to 60% by 2020, with approximately 100,000 meters installed per year.