RPG Enterprises flagship company CESC has entered into an agreement with SP Global Solutions (SPGS), a subsidiary of Singapore Power (SP), for technical collaboration.
The joint venture will help the company revamp its distribution system to minimise system faults, boost revenues through reduction of downtime and build a globally competitive power distribution business under a Rs 2,000-crore hardware investment plan.
"Apart from offering better services to our consumers in the form of better response time, this technical collaboration would help us bring power into Kolkata from outside in the most cost-effective manner," said CESC Vice-Chairman Sanjiv Goenka.