Mumbai-based Avantha Group Company CG has won a Euro 17 million (INR 125 crore) contract to supply ZIV single and three phase smart meters to Gas Natural Fenosa (GNF) and will be the main supplier for the utility.
ZIV smart meters will cover a large part of the demand for domestic meters from GNF, having won the prestigious order of supplying 750,000 single phase smart meters last year.
In order to respond to the growing market demand with agility, CG has already conducted an expansion and modernisation of its plant in Zamudio, Spain, with new, automatic assembly lines capable of producing over 2 million smart meters annually.
ZIV’s single phase smart meter model is nowadays the reference smart meter in the PRIME PLC market segment, after the deployment of almost 4 million ZIV units worldwide.
Gas Natural Fenosa is a leading multinational group in the energy sector; a pioneer in the integration of gas and electricity.
ZIV smart meters have a proven track record of robust performance, backed by a string of key wins from some of the most relevant and innovative European Utilities such as Iberdrola in Spain, EDP in Portugal and ERDF in France.
CG offers ZIV meters, data concentrator units (DCU), distribution automation solutions (DAS) and Substation Automation Systems (SAS).
Meanwhile, CG has also won a Euro 24 million (approx. INR 178 crore) contract to supply ZIV single and three phase smart meters to Spanish utility Iberdrola. This win reinforces CG’s undisputed leadership in the Iberian market and consolidates its position as a strategic partner for utilities in smart grid deployment.
fii-news.com
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