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New Arc CEO Trims Operations and Looks to Profitability

posted Sep 14, 2010, 9:04 PM by ema-1 ema-1
September 2009

"Arc has 15,000 GPRS connections and 300 satellite connections across its two smart metering networks."

"We believe that radio frequency mesh is the most reliable and secondly it is proprietary, so we own it, control it and operate it," Clarke says. "Vodafone won't guarantee accessibility to its network over the length of the term that you need. So we think there are risks with the GPRS solutions and we found a lot of the coverage maps Vodafone gave us weren't quite accurate."

"Arc is one of Meridian Energy's wholly-owned subsidiaries and over the last two and a half years it has rolled out some 115,000 smart meters in Christchurch and 6,000 meters in Central Hawkes Bay, all to Meridian retail customers. It also has deployed 9000 legacy prepayment meters spread around the country."

"The Christchurch rollout is the largest of its kind in the southern hemisphere and somewhere north of $50m has been tipped into Arc it by Meridian. At a time of increased scrutiny on the governance and financial performance of state-owned enterprises, the financial performance of Arc has attracted some negative attention from the financial community and other competitors in the energy sector."