Crompton Greaves’ (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.
The company had earlier inked its maiden deal with ANDE for supply of single-phase and three-phase power transformers worth $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.
Company Name | CMP |
---|---|
Siemens | 5739.00 |
Havells India | 1639.35 |
Apar Inds | 7608.00 |
ABB India | 6409.05 |
CG Power & Indl.Soln | 557.75 |
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