Press Release - CG to Supply Smart Grid-enabled Transformers to Transpower New Zealand
- Signs Long-term Relationship Agreement
- Consolidates Position in SEA and Australasia Markets
Mumbai, February 4, 2013: CG, has signed a long term supply relationship agreement with Transpower NZ Ltd, owners and operators of the New Zealand national grid. With this agreement, CG becomes the first of three preferred vendors to supply transformers to Transpower, with the potential to scale to orders worth US$15 million annually. The transformers are being manufactured in CG’s Jakarta, Indonesia facility.
As utility companies turn to transformers that optimize the supply of electricity and improve energy efficiency, CG’s state-of-the-art, smart grid-enabled transformers are helping them provide reliable power. A recognition of CG’s operations in South-east Asia and Australasia and its expertise in transformer technology, this tie-up in New Zealand will boost the company’s position in the region, especially in the promising smart grid technologies.
CG CEO and Managing Director Laurent Demortier said, “I thank Transpower for the trust placed in CG’s capabilities. The long-term agreement with Transpower is recognition of our long relationship with them. Our expansion to 500kV transformers for large customers in SEA built a high degree of confidence with Transpower, and led to the inking of this agreement. This deal serves to strengthen CG’s position and will help us win new orders in this emerging and fast-growing geography.”
The agreement will remain in force for five years with the possibility of two extensions of two years each. This award is the result of an intense collaboration between Transpower NZ Ltd and the CG team which have been successfully optimised for Transpower needs.
Transpower’s technical personnel and the CG team provided quality improvement direction to CG’s Indonesia factory while working closely with CG’s technical specialists to perfect transformers best-suited to serve New Zealand’s requirements.
CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Automation, Industrial, and Consumer. CG clocks US$2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings
For more information on CG, please visit: www.cgglobal.com
The US$ 4 bn Avantha Group is one of India`s leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech Industries, Biltech Building Elements, Salient Business Solutions and Avantha Technologies. With an impressive global footprint, Avantha operates in more than twenty countries, employing over 22,000 people worldwide. The Group has business interests in diverse areas including power transmission and distribution equipment and services, paper and pulp, energy and infrastructure, food processing, farm forestry, insurance,chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.
For more information on Avantha, please visit www.avanthagroup.com.
For further information, please contact :
Ms. Paula Sengupta
Global Head - Corp. Communication
CG (Crompton Greaves Limited)
CG House, 1st floor
Worli, Mumbai 400 030, India
Mrs. Shravani Dang
Group Head - Corporate Communications
Vice President - Avantha Group
5th Floor, Tower C, First India Place,
Gurgaon-122002, Haryana, India
|T : +91 22 24237842 / 67558771
|T : +91 124 4099436