Press Release - CG completes supply of 30,000 ZIV meters to ANDE, Paraguay
- Order from Administración Nacional de Electricidad, Paraguay
- Project to monitor and improve performance of Paraguay electricity grid
- Expertise and flexibility to adapt AMI solutions to client needs
Mumbai, March 19, 2014: Avantha Group Company CG’s Automation business unit has fulfilled delivery of the final lot of 8,000 meters from an order to supply 30,000 advanced meters to monitor and boost the performance of the electricity grid of Administración Nacional de Electricidad (ANDE) in Paraguay.
CG, after acquiring ZIV, is the key provider of smart meters in Spain and an important player in the global smart grid market where it offers ZIV meters, data concentrator units (DCU) and distribution automation solutions (DAS). CG’s smart grid offerings include self-healing and adaptive restoration systems that detect and isolate faults and restore power to the maximum number of customers. Systems are self-adaptive to handle multiple cascaded fault scenarios.
CG had earlier inked its maiden deal with ANDE for supply of single-phase and three-phase power transformers worth US $13.15 million. The order was aimed to strengthen the Paraguayan 220 kV electricity network and grid to address the country’s escalating power demand.
The current order is another strategic step in the expansion plans of CG’s Automation business unit, which already has interests in Latin American countries of Argentina, Chile, Mexico and Brazil. According to data from the International Energy Agency, by 2025, electricity demand in Mexico/Chile is expected to grow 56.6% and 28.3% for the rest of Latin America. This opens up a window of opportunities in the land-locked countries which CG aims to tap.
Speaking about the new order, Avantha Group Company CG’s CEO & Managing Director, Laurent Demortier, said: “This award demonstrates CG’s expertise and flexibility to adapt Advance Metering Infrastructure (AMI) solutions to each client’s specific needs. There is still scope for improvement globally in low-voltage grid automation, and we are certain that we can achieve this using the several technologies we have already implemented in AMI systems worldwide.”
Mr. Laurent Demortier, CEO and Managing Director of CG
Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation, and Consumer. CG clocks US$ 2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings. CG’s Automation headquarters located in Bilbao, Spain, hosts the center of excellence for the development of CG’s smart grid solutions commercialized under the ZIV® brand.
For more information on CG, please visit: www.cgglobal.com.
The Rs. 25,000 crores (US$4bn) Avantha Group is one of India`s leading business conglomerates. Its successful entities in diversified sectors include Crompton Greaves (power transmission and distribution equipment and services), BILT (paper and pulp), The Global Green Company Limited (food processing), Biltech Building Elements Limited (infrastructure), Avantha Power (energy), Salient Business Solutions Limited (IT and ITES), Jg Glass (glass containers)
With a global footprint, the Group operates in 90 countries with more than 25,000 employees worldwide. 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 – Communications
CG (Crompton Greaves Limited)
CG House, 10th floor
Worli, Mumbai 400 030, India
Mrs. Shravani Dang
Group Head - Corporate Communications
Avantha Group, 1st floor, Thapar House,
24, Janpath Lane, New Delhi 110 001
|T : +91 22 24237516 / 67558771
|Tel (D): +91 11 41699282
Tel (B): +91 11 23368332