IST GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/011521/06)
Share code: IST
ISIN: ZAE000015798
IST ENERGY GAINS NEW ESKOM NATIONAL CONTRACTS
Pretoria, 21 May 2003 - IST Energy, the power engineering division of the IST
group, has been awarded three new Eskom Distribution National Contracts (ENCs),
totalling almost R40 million in value, for the supply of complete protection
schemes.
The contracts, all won on open tender and valid until 2006 or 2007, are for
* medium-voltage feeder protection and control schemes, consisting of a single
protection relay with all functions integrated, for use on rural lines;
* fully integrated bus coupler protection and control schemes; and
* transformer protection and control schemes, based on the enhanced
SEL387Aprotection relay recently introduced to the international market, and
including tap-changer functionality.
Eskom has also extended a number of IST Energy"s existing ENCs, some of which
have been held by IST since 1997, for various periods. These contracts are for
* transmission bus-coupler and transformer protection schemes;
* distribution remote terminal units (DRTUs);
* substation and pole-mounted RTUs required for an aggressive automation drive
by Eskom Distribution"s North West region; and
* support and maintenance, including system upgrades, for Eskom Distribution"s
five SMART SCADA master stations previously installed by IST Energy in
consortium with Schneider Electric of the UK.
The value of the extended ENCs totals some R20 million per year.
Issued by du Plessis Associates on behalf of IST Group.
dPA contact: Kathy du Plessis on tel:011-728-4701, fax:011-728 2547, mobile:083
266 5847 or e-mail: ist@dpapr.com
Website : www.istltd.com
For further information, please contact
Dr Herb Chikwanda
IST Energy Managing Director
012-426 7234 (w) or 082 808 5887
Date: 21/05/2003 05:33:39 PM Supplied by www.sharenet.co.za
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