CG, one of the world's largest power transformer manufacturers has inked a Memorandum of Understanding (MoU) with the Government of Gujarat to set up a state-of- the- art Power Transformer manufacturing unit at Gujarat. The plant will manufacture Power Transformers and Reactors upto 1200kV for both Domestic and International Markets.
The MoU was signed between Chief Executive Officer & Managing Director, CG,Mr. Laurent Demortier and Mr GI Desai, Jt. Industries Commissioner, Govt. of Gujarat. This will be CG's second manufacturing facility in Gujarat the first one being its modern lighting factory, operational since August 16, 1994.
Our 550 kV, 765 kV and 1200 kV technology products will enable high level of efficiency in transmission and help bridge the vast demand-supply gap in the country's power sector. Our venture in Gujarat further strengthens our leadership position in the T&D segment to develop & deploy cost efficient products & solutions for our clients in India, SEA, Middle East, Africa, Europe, North and South America regions.
Mr Jayant Kulkarni Executive Vice President & President, Power Business said "As a global enterprise, CG actively supports initiatives that encourage global power generation, transmission & distribution in the electric grid systems. Furthermore we distinguish Gujarat for its conducive, stable & sustainable business enabling climate for robust industrial growth".
Mr. Laurent Demortier, Chief Executive Officer & Managing Director, CG, said, " I laud Mr. Narendra Modi's commendable leadership and vision in bringing global & local inclusiveness in the country's economic progress. We thank the Government of Gujarat for reposing trust in our capabilities. Our state-of-the-art Power equipment ensures highly reliable transmission systems which will help meet the ever-rising demand for power and enable further economic growth in the country".
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 four business groups: Power, Automation, Industrial, and Consumer. CG clocks US$2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings.
News published on 15 / 01 / 2013 by Bharat Vasandani