London, U.K. --- (METERING.COM) --- February 4, 2011 - Thames Water has awarded Vennsys Limited, a consortium led by Veolia Water UK, to manage all its metering services, including meter installation, meter reading and the implementation of automatic meter reading by radio communication.
The 10-year contract, running to March 2020, has estimated revenue of around £240 million.
Vennsys is a joint venture between Veolia Water's UK subsidiary Veolia Water UK, water services provider H2O Water Services, and consultants and construction company Mace.
“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,” said Jean-Michel Herrewyn, CEO of Veolia Water.”
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.