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Crompton Greaves wins Rs 125 cr contract

METERAvantha Group Company CG has won a Euro 17 million (Rs 125 crore) contract to supply ZIV single and three phase smart meters to Gas Natural Fenosa and will be the main supplier for the utility.

ZIV smart meters will cover a large part of the demand for domestic meters from GNF, having won the prestigious order of supplying 750,000 single phase smart meters last year.

“In order to respond to the growing market demand with agility, CG has already conducted an expansion and modernisation of its plant in Zamudio, Spain, with new, automatic assembly lines capable of producing over 2 million smart meters annually. ZIV’s single phase smart meter model is nowadays the reference smart meter in the PRIME PLC market segment, after the deployment of almost 4Million ZIV units worldwide,” the Indian company said.

Gas Natural Fenosa is a leading multinational group in the energy sector and a pioneer in the integration of gas and electricity. It is present in over 30 countries and has an installed capacity of 14.8 GW and a diversified mix of generation.

ZIV smart meters are in use at companies such as Iberdrola in Spain, EDP in Portugal and ERDF in France. CG offers ZIV meters, data concentrator units (DCU), distribution automation solutions (DAS) and Substation Automation Systems (SAS).

“This new win reinforces our leadership in the segment with the complete portfolio of products under advanced metering infrastructure that has become crucial in empowering both consumers and utilities in managing power distribution and consumption,” said Avantha Group Company CG’s CEO and Managing Director, Laurent Demortier. “It will be our continued endeavour to provide our customers with advanced technologies and innovations that empower them”.

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.

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