Compton & Greaves in $35 Mln PLN Order
Crompton & Greaves on Friday announced that it has bagged a $35 million (Rs.236 crore) order from Indonesia’s government run electricity company PT PLN (Persero).
As part of the deal, the Indian electric major will produce and put in place 28 power transformers in the 83.3MVA and 167 MVA range and voltage in the 150kV/500kV range in Indonesia. The delivery will begin from May this year and end in March next.
“CG’s power transformers will be installed across PT PLN’s transmission network, spread over multiple substations and power plants in Java, Sumatra and Kalimantran provinces of Indonesia,” Crompton Greaves said in a statement on Friday.
This announced project is a part of PT PLN’s vision to increase the transmission capacity of Indonesian Power Grid, which has of late been struggling to supply sufficient electricity to the Indonesians.
With the installation of these power transformers by CG, the Indonesian company is likely to reduce its dependency on heavy equipment imports, thereby giving a fillip to its networking strengthening ambitions.
“The CG edge lies in providing indigenously built products and turnkey services that reflect global standards, while suiting local conditions. We look forward to being a part of many more collaborative efforts that involve building robust power transmission network, in Indonesia and the rest of Asia,” said Jean-Michel Aubertin, CEO, CG Power Systems International.
CG has for years been able to maintain a global recognition in manufacturing and exporting high-voltage transformers. For over two decades, the India-based company has supplied power transformers and voltage levels to PT PLN.