CG signs JV for setting up switchgear manufacturing base in Indonesia

CG signs JV for setting up switchgear manufacturing base in Indonesia
Avantha Group Company CG and PLNE (PT Prima Layanan Nasional Enjinring) have signed a joint venture agreement to manufacture and commercialise high voltage (HV) and extra high voltage (EHV) switchgear in Indonesia. PLNE is an engineering company owned by PLN (Perusahaan Listrik Negara), an Indonesian government-owned sole electricity utility company.  The joint venture will be owned 51 per cent by CG and 49 per cent by PLNE and will be a part of CG’s global organisation. The JV includes a technology transfer by CG over a period of five years for the production of the entire range of switchgear for the network – from 70kV to 500kV – and will be localised through CG‘s new manufacturing base in Indonesia. Production is expected to commence in 24 months.

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