MUMBAI: Avantha Group-owned Crompton Greaves (CG) Tuesday said it has sealed a deal with the Indonesian government-owned electricity corporation Perusahaan Listrik Negara (PT PLN) worth $26 million.
Under the terms of the deal, CG will manufacture and supply 37 units of 60 MVA, 30 MVA and 150/20 kV power transformers for the Indonesian power firm which will be deployed in 36 substations in Sumatra, Java, Bali, Kalimantan and the Sulawesi islands.
The electricity project is funded by the World Bank in collaboration with the Indonesian government.
"The project scope includes the design, manufacturing, factory testing, site installation and testing, and the pre-commissioning of the transformers over a period of 18 months," CG said in a statement.
PT PLN has an installation base of 48 GW and has ambitious plans to ramp up the electrification of Indonesia from the current 67 percent to 100 percent in the next decade.
"From 2013 to 2022, PT PLN has a long-term plan for an additional generating capacity of 59.5 GW, with a total estimated expenditure of around $125 billion. From 1993 onwards, CG has been regularly providing PT PLN's generation and transmission divisions, power transformers in the range of 30 MVA to 500 MVA, with voltage levels up to 500 kV," the company said.
CG has invested more than $15 million to build a 550 kV Extra High Voltage Test Lab in Indonesia. CG commands a 30 percent market share in the utility segment in Indonesia.
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