India supplies Indonesian-made smart grid transformers to New Zealand
India's CG has become the first of three preferred vendors to supply transformers to New Zealand.
It has signed a long term supply relationship agreement with Transpower NZ Ltd, owners and operators of the New Zealand national grid.
The order have the potential to reach 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-enabledtransformers are helping them provide reliable power.
A recognition of CG'soperations 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 theregion, especially in the promising smart grid technologies.
"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," said CG CEO and Managing Director Laurent Demortier.
The agreement will remain in force for five years with the possibility of two extensions of two years each.