Published On:March 12 2015
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CG bags 3.4 million euros order in Saudi Arabia.
Avantha Group firm CG has bagged a contract worth 3.4 million euros (Rs. 226.34 crore) from Saudi Electricity Company to supply ZIV three phase smart meters.
'The company has been awarded a contract worth 3.4 million euros by Saudi Electricity Company (SEC), the largest power utility company in the Middle East serving nearly five million customers in the Kingdom of Saudi Arabia (KSA), to supply ZIV three phase smart meters,' a company statement issued here stated.
SEC has taken a key step into the deployment of smart grids by defining a new functionality and a new data model for the performance of the smart meters.
Interoperability, remote management and accuracy are the three main features of these smart meters that will be connected to current transformers and will communicate via modem (GPRS), it said.
The segment of small commerce end-users will be the first one to have the meters replaced by the new smart meters and successive contracts are expected to be awarded in the short run, it said.
'The Saudi electricity market is the largest in the Arab world, with a peak load of 53,864 MW in 2013 and demand is predicted to increase by around 7-8 per cent for the future, driven by a growing population, rising per capita consumption and an ever expanding industrial base.
'With SEC, we will be creating a modern, efficient grid and improve their overall end-user experience by providing a full range of smart grid products and services,' CG's CEO and Managing Director Laurent Demortier said.
The technological strength of ZIV smart meters backed by a large field experience on the behaviour and performance of different communication technologies has proven to be a key factor for CG in gaining a strategic position in the global smart grid market, he said.
'This project is an important step in the implementation of advanced technologies and innovations for sustainable and cost-efficient ways of energy consumption in Saudi Arabia,' Demortier added.
CG, after acquiring ZIV, has become a key provider of smart meters and an important player in the global smart grid market where we foresee strong growth, he said.
CG offers ZIV meters, data concentrator units (DCUs) and distribution automation solutions (DAS).