CG to Pioneer Manufacture of Smart Grid Devices
Full-fledged manufacturing facility for Smart Grid devices
????Cost effective, Smart Grid solutions for Indian Utilities & Industries in the T&D segment
????Local pre and post sales service for Smart Grid devices
Bangalore,?January 11, 2014:??Avantha Group Company CG launched its state-of-the-art Smart Grid facility at the Global Village, in Bangalore today, for full-fledged manufacturing of Smart Grid devices. Besides manufacturing Smart Grid devices, the facility will support economic development, foster job creation and boost an understanding of Smart Grid solutions in the energy field.
The Smart Grid devices manufactured in this facility will offer numerical solutions to Indian Utilities and Industries in the Transmission and Distribution (T&D) segment and provide improvement in the electric grid to make it more efficient and reliable. CG has invested 80 million INR in this facility which can employ more than 100 people. The Smart Grid facility will manufacture Substation Automation products, Distribution Automation devices, Protection and Control systems, Advanced Metering Infrastructure (AMI) and Telecommunication Solutions. It will also offer Global Engineering Services such as Systems Integration, Installation, and Commissioning.?The facility is fully equipped with modern equipment to ensure an annual production capacity of 10,000 units of Power Line Carrier Communication Terminals (PLCC) and Intelligent Electronic Devices (IED).
CG has the most comprehensive portfolio that provides specific solutions and products for each application, including systems that can evolve as the network evolves. CG?s solutions give timely and necessary information needed to implement automatic functions and allow maximum use of the grid at minimum cost. The real value-add of the Smart Grid concept over the conventional automation system is that Smart Grids are able to convert the data provided by installed devices ?into actions and decisions that are taken in real time to operate the network.
With more than 2 million CG Smart Meter complete solutions installed worldwide, CG is a well-established manufacturer in this field. ?CG?s Smart Grid devices are running successfully in the world's first major Smart Grid deployment at the Iberdrola STAR Project, Bilbao, Spain, where over 2,27,000 Smart meters monitor the electricity services provided to the area?s 4,10,000 inhabitants. In the past year, CG has participated in no less than ten Advanced Metering Infrastructure (AMI) Pilot Projects in Europe, Asia, and America.
CG is already participating with many of these Smart Grid devices and services, in India?s first Smart Grid Pilot project - the Puducherry Smart City project?which requires approximately 87,000 Smart Meters and a Street Light Automation solution that will prove substantial savings to the Electricity Department of ?the Government of Puducherry (PED).?CG?s Utility Distribution franchise that operates in Jalgaon efficiently manages the ?multiple data obtained from the intelligent devices installed at all voltage levels, enhancing the quality of service provided to the Utility?s end users and drastically reduces technical and non-technical losses.
CG?s cost effective Smart Grid solutions will help Utilities identify and eliminate power thefts and system losses caused by aging or faulty equipment. ?For the Utility?s customers, CG?s Smart grid solutions will offer more control over their power consumption and energy costs and spread awareness of consumption patterns.
As a part of its transmission network expansion plan, Power Grid Corporation of India (PGCIL)? has proposed an investment outlay of 170000 million INR** for implementation of various projects during the current financial year. CG aims to participate in PGCIL?s Smart grid related energy improvement projects.
Commenting on the inauguration, ?Avantha Group Company CG?s CEO & Managing Director Laurent Demortier?said, ?The opening of CG?s Smart Grid manufacturing facility in Bangalore is a result of intense planning with the Indian stakeholders: customers, regulators and employees. I thank all of them for what they have achieved so far. Expansion in Smart Grid markets is a key strategy of CG.? After America and Europe the Bangalore facility will spearhead Smart Grid operations in Asia.?
Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into three business groups: Power, Industrial, and Consumer. CG clocks US$ 2.3 billion in revenue from product lines that cover the entire value chain of engineering offerings.
For more information on CG, please visit:?www.cgglobal.com
The Rs. 25,000 crores (US$4bn) Avantha Group is one of India's leading business conglomerates. Its successful entities in diversified sectors include Crompton Greaves (power transmission and distribution equipment and services), BILT (paper and pulp), The Global Green Company Limited (food processing), Biltech Building Elements Limited (infrastructure), Avantha Power (energy), Salient Business Solutions Limited (IT and ITES), Jg Glass (glass containers).
With a global footprint, the Group operates in 90 countries with more than 25,000 employees worldwide. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.
For more information on Avantha, please visit?www.avanthagroup.com