Crompton Greaves has won the contract from EDRF, the French public electric distribution company to supply three million new generation smart meters. The meters will be developed by ZIV, a Spanish company that Crompton Greaves acquired in 2012. Crompton Greaves will be amongst six companies which will supply the meters.
Crompton Greaves did not disclose the order value but earlier in the year had said it was bidding only for smart metering contract worth 1.1 billion Euros (about Rs 7,800 crore)
The initial order is the first phase of a 35 million unit rollout by 2021. According to ERDF by modernizing the distribution grid, this program will bring important benefits for the consumers helping them to better understand their electricity bills and reduce consumption, and at the end, helping to preserve the environment by means of a more efficient grid management.
Company CEO Laurent Demortier said, "We are very excited and honoured to partner with ERDF and to be an active agent in the deployment of smart grids in France."
