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CG Power bags order from Indonesian state utility PT PLN Indonesia (Persero)

Capital Market 

For supply of power transformers

Company, Indonesia, a wholly of has bagged an order from Indonesian state utility (Persero) for manufacturing and supply of 64 units of Power Transformers valued at IDR 744 billion (USD 55 million). This project is the first of its kind to be funded by to support PLN's ambitious goal to enhance its Transmission Grid performance. The project will be completed by December 2018 and is going to play a critical role in its ongoing 35GW Fast Track Program. CG Power will complete the supplies against the order by December 2018.

The scope of work includes site survey, design, manufacturing, supply and installation of 64 units (4400 MVA) of Power Transformers in PLN regions spread from to over Sumatra, Java, Kalimantan, Sulawesi, and Malukku Islands of

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, February 12 2018. 09:46 IST