Indian National Hydroelectric Power Corporation selects IFS Applications to support their expansion

(21 November 2007, Linköping)

National Hydroelectric Power Corporation Ltd. (NHPC), one of India’s major power generation companies, has signed a contract worth over US$ 7 million with IFS Solutions India Pvt. Ltd. NHPC, with over 13,000 employees, plans to become a 20,000 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, with the majority of the license and services revenues for IFS in 2008 and 2009. The impact on 2007 revenue is negligible.

IFS prioritizes 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.

About IFS and IFS Applications

IFS (OMX STO: IFS), the global enterprise applications company, provides solutions which enable organizations to respond quickly to market changes—allowing resources to be used in a more agile way to achieve better business performance and competitive advantage.

IFS was founded in 1983 and now has 2,600 employees worldwide. IFS has pioneered component-based ERP software with IFS Applications, now in its seventh generation. IFS’ 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; high-tech; industrial manufacturing; process industries; construction, contracting & service management and utilities & telecom. IFS Applications provides extended ERP functionality including customer relationship management (CRM), supply chain management (SCM), product lifecycle management (PLM), corporate performance management (CPM), enterprise asset management (EAM) and maintenance repair and overhaul (MRO) capabilities.

For additional information, contact:

Manni Svensson, IR & PR, Industrial and Financial Systems, IFS AB (publ)
Phone: +46 8 5878 45 00

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