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CG Power bags order from Indonesian state utility PT PLN Indonesia (Persero)

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Capital Market

For supply of power transformers

Avantha Group Company, CG Power Systems Indonesia, a wholly owned subsidiary of CG Power & Industrial Solutions has bagged an order from Indonesian state utility PT PLN (Persero) for manufacturing and supply of 64 units of Power Transformers valued at IDR 744 billion (USD 55 million). This project is the first of its kind to be funded by Islamic Development Bank to support PLN's ambitious goal to enhance its Transmission Grid performance. The project will be completed by December 2018 and is going to play a critical role in its ongoing 35GW Fast Track Program. CG Power will complete the supplies against the order by December 2018.

The scope of work includes site survey, design, manufacturing, supply and installation of 64 units (4400 MVA) of Power Transformers in PLN regions spread from Aceh to Papua over Sumatra, Java, Kalimantan, Sulawesi, Papua and Malukku Islands of Indonesia.

 

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First Published: Feb 12 2018 | 9:46 AM IST

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