CG Power Indonesia bags $24 M worth power transformers order

Indonesia: 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 $24 M.

This is in addition to the order for 14 units at $21 M received earlier this year taking total order from PLN to $45 M. This order will support PLN’s 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 all over the Indonesian archipelago.

Source: Business Standard