MUMBAI, India--(BUSINESS WIRE)--Avantha Group Company CG has won a Euro 17 million (INR 125 crore) contract to supply ZIV single and three phase smart meters to Gas Natural Fenosa (GNF) 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 4 million ZIV units worldwide.
Gas Natural Fenosa is a leading multinational group in the energy sector; a pioneer in the integration of gas and electricity. Present in over 30 countries, it serves more than 23 million customers on five continents, with an installed capacity of 14.8 GW and a diversified mix of generation. This is the first major integrated gas and electricity company in Spain and Latin America and the third in the Iberian Peninsula.
ZIV smart meters have a proven track record of robust performance, backed by a string of key wins from some of the most relevant and innovative European Utilities 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).
Speaking on this win, Avantha Group Company CG’s CEO and Managing Director, Mr. Laurent Demortier said: “We thank GNF for giving us the opportunity to continue this partnership in modernising their electrical network and improving the overall end-user experience. 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. It will be our continued endeavour to provide our customers with advanced technologies and innovations that empower them.”