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CG Power Indonesia bags additional order for supply of power transformers worth IDR 334 billion

Capital Market 

From Indonesian state utility PT PLN (Persero)

CG Power & Industrial Solutions announced that its step down subsidiary, PT CG Power Systems Indonesia (CG Indonesia) has bagged an order from Indonesian state utility PT PLN (Persero) for manufacture and supply of 25 units of Power Transformers valued at IDR 334 billion (USD 24 million).

This is in addition to the order for 14 units at IDR 290 billion (USD 21 million) received earlier this year taking total order from PLN to IDR 624 billion (USD 45 million) for FY 20. This order will support PLN's ambitious goal to enhance its Transmission Grid Performance and will be completed by June 2020, playing a critical part in its on-going Fast Track Program. The scope of this order consists of designing, manufacturing and installation of 39 units of Power Transformers at various Substations and Power Plants spread over the Indonesian archipelago.

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

First Published: Tue, November 05 2019. 18:55 IST