MUMBAI, India--(BUSINESS WIRE)--Avantha Group Company CG has been awarded with an important contract by Administración Nacional de Energía (ANDE), the national electric utility of Paraguay to supply 10 complete ZIV Substation Automation Systems. The scope of the contract also includes engineering services, training and systems integration.
The project, financed by the World Bank, is scheduled to be completed in six months. In January, the World Bank announced a new cooperation strategy with Paraguay for the period 2015 – 2018, with an indicative amount between USD 1,000 - 1,100 million, approved in December and which is twice the amount of USD 400 million received from the World Bank in the past.
CG won this order against stiff international and national competition and foresees a close relationship with ANDE, as the country is committed to improving the reliability and capacity of the transmission and distribution grid. CG has recently supplied another lot of ZIV protections and meters, and last November signed a contract for the supply of eight single and three phase transformers totaling 420 MVA, for the expansion of the 220 kV and 66 kV electricity network.
Paraguay is a country rich with many natural resources and the production of clean energy is one of the most important activities in the country. Its generation capacity, coupled with the need to improve the distribution and transmission grid and the financial backup of the World Bank, opens attractive areas of collaboration with technologically advanced companies such as CG. Commenting on these facts, a company representative stated that they were eager to collaborate with CG, a company that has demonstrated a great implication in the past when providing power transformers as well as ZIV smart grid solutions.
Commenting on receiving this order, Avantha Group Company CG’s CEO and Managing Director Laurent Demortier said: “We at CG are honoured to receive this new important contract. We would like to thank ANDE for their continued patronage of our products and look forward to many more such collaborations to come. This order reinforces CG’s strategic intent to diversify its customer base in Latin America, and we remain focused on building the energy infrastructure of the region with our extensive range of technologically driven products, systems and solutions."