New Delhi: Crompton Greaves, a part of $4-billion Avantha Group, on Monday said it has signed a long-term supply relationship agreement with Transpower NZ Ltd.
Transpower is the owner and operator of the New Zealand national grid.
“With this agreement, CG becomes the first of three preferred vendors to supply transformers to Transpower, with the potential to scale to orders worth $15 million annually. The transformers are being manufactured in CG’s Jakarta, Indonesia, facility,” the company said in a statement.
The agreement will remain in force for five years with the possibility of two extensions of two years each.
“Our expansion to 500kV transformers for large customers in SEA built a high degree of confidence with Transpower, and led to the inking of this agreement. This deal serves to strengthen CG’s position and will help us win new orders in this emerging and fast-growing geography,” said Laurent Demortier, CEO and Managing Director of Crompton Greaves.
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