2007 11 28 Indian National Hydroelectric Power Corporation selects IFS Applications to support their expansion
IFS, the global enterprise applications company, announced today that National Hydroelectric Power Corporation Ltd. (NHPC), one of India’s major power generation companies, has signed a contract worth over $7 million to implement IFS Applications. NHPC, with over 13,000 employees, plans to become a 20,000 megawatt (MW) company by 2017, and has chosen IFS Applications to support its processes within finance, project management, maintenance and operations, and business performance.
The contract covers five years, and represents the first major ERP initiative in the Hydro Power sector in India. The project titled "Project Kiran" will be implemented across all the project locations and the NHPC Corporate Office.
“The Indian National Hydroelectric Power Corporation joins a growing number of utilities worldwide in the IFS family,” IFS North America Director of Business Development for Utilities Michael Blalock said. “IFS has always been strong in the utility sector in Europeand Asia, but in the last year has been gaining a following among utilities in the Americas, as well. Utility Corporations here are looking at the successes of other major utilities like Three Gorges Damand Qinshan in China, TenneT in the Netherlands, and Vattenfall in Sweden and recognize that the serious asset management capabilities we provide in many of the most demanding applications in the world will also work for them.”
IFS targets the energy and utilities industry and has more than 140 customers involved in power generation, transmission & distribution, and water & sewage. These include the world's largest hydropower plant, Three Gorges (P. R. China), nuclear power plants OKG (Sweden), PBMR (South Africa) and Qinshan (P. R. China), grid operators such as Svenska Kraftnät (Sweden), Statnett (Norway) and TenneT (The Netherlands) as well as distributors such as Vattenfall (Sweden), Fortum (Sweden), and Hafslund Energi (Norway). Reliable and safe asset management and workforce management are critical processes in the energy and utility industry, to which IFS has provided solutions for more than 20 years.
IFS (OMX STO: IFS), the global enterprise applications company, provides ERP solutions which enable organizations to respond quickly to market changes. The solutions allow resources to be used in a more agile way to achieve better business performance and competitive advantage.Founded in 1983, IFS has 2,600 employees worldwide. With IFS Applications™, now in its seventh generation, IFS has pioneered component-based ERP software. The component architecture provides solutions that are easier to implement, run and upgrade. IFS Applications is available in 54 countries in 22 languages.IFS has over 600,000 users across seven key vertical sectors: aerospace & defense; automotive; manufacturing; process industries; construction, contracting & service management; retail & wholesale distribution and utilities & telecom. IFS Applications provide extended ERP functionality, including CRM, SCM, PLM, CPM, enterprise asset management, and MRO capabilities.