IPL Energy Wins U.S. $11.6 Million Mexico Contract.CALGARY, Alberta--(BUSINESS WIRE)--April 8, 1998--IPL Energy Inc. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :IPL (Initial Program Load) Same as boot. 1. IPL - Information Processing Language. 2. IPL - Internet Public Library. 3. IPL - Initial Program Load. 4. IPL - Initial Program Loader. .) (ME:IPL.) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :IPPIF) - IPL Energy Inc. today announced that its wholly-owned subsidiary, IPL Technology & Consulting Services Inc. (IPLT), has been awarded a consulting contract valued at U.S. $11.6 million by PEMEX Pemex officially Petróleos Mexicanos Mexico's state-owned oil company. In 1938 Pres. Lázaro Cárdenas nationalized 17 foreign oil companies to create Pemex, the largest Latin American petroleum company and a major world exporter of fossil fuel. Refining, a subsidiary of Petroleos Mexicanos (PEMEX), the national oil company of Mexico. Under the 18-month contract, commencing in April 1998, IPLT will provide conceptual design and advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to PEMEX Refining on the modernization of its national crude oil and refined products pipeline system. IPLT seeks to build a long-term relationship with PEMEX and, given the comprehensive scope of the project, will be well positioned to provide increased services to the pipeline industry in Mexico in future years. Since starting business in 1994, IPLT has provided a broad spectrum of proprietary pipeline operation services and technologies, including customized operator training, Supervisory Control and Data Acquisition (application) Supervisory Control and Data Acquisition - (SCADA) Systems are used in industry to monitor and control plant status and provide logging facilities. SCADA systems are highly configurable, and usually interface to the plant via PLCs. (SCADA (Supervisory Control And Data Acquisition) A process control application that collects data from sensors and machines on the shop floor or in remote locations and sends them to a central computer for management and control. ) computer systems, and technical support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services to customers in Canada, the United States, Colombia, Venezuela, Brazil, Korea, China, Malaysia, and India. In addition, Consumers Gas International Group (CGIG) provides a wide range of consulting services to the natural gas industry. During the past 30 years, CGIG has completed over 500 consulting projects in 29 countries. Both IPLT and CGIG are affiliated with IPL International Inc., another IPL Energy subsidiary, which seeks international equity and operation opportunities. IPL International is an owner and joint operator of the $2.2 billion OCENSA pipeline system in Colombia. IPL ENERGY INC. is a leader in energy delivery and services, operating the world's longest crude oil and liquids pipeline through the combined Interprovincial Pipe Line Inc. and Lakehead Pipe Line Partners, L.P. system, and Canada's largest natural gas distribution company through The Consumers' Gas Company Ltd. which serves 1.4 million residential, commercial and industrial customers in south central and eastern Ontario, Quebec and Upper New York State. IPL Energy's common shares trade on the Toronto and Montreal stock exchanges in Canada under the symbol "IPL". In the United States the shares trade on The NASDAQ National Market under "IPPIF". CONTACT: IPL Energy Inc. Frank Ternan, 403/231-3906 403/231-4848 (FAX) frank.ternan@iplenergy.com http://www.iplenergy.com |
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