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Home arrow News arrow Power and Energy arrow Crompton Greaves Limited to establish USD 30 m transformer plant in Brazil
Crompton Greaves Limited to establish USD 30 m transformer plant in Brazil Print E-mail
Written by Vijay   
Thursday, 26 May 2011
Mumbai: Crompton Greaves Ltd. (CG), part of the US$ 4 billion Avantha Group, plans to set up a Greenfield Power transformer plant upto 100 MVA and an HT Switchgear plant in Brazil. The installed capacity of this plant will be approximately 6000 MVA. The company will invest USD 30 million in the plant.

The plant can also be used as an export platform to other Latin American countries. CG has successfully completed the acquisition of land to set up the proposed manufacturing facility, through an overseas subsidiary.

Crompton Greaves aims to become a significant player in the Latin American market, by setting up a local manufacturing facility. With this proposed plant, CG will gain a firm foothold in an expanding power market, which is tied to robust GDP growth.

Brazil is the biggest Transmission and Distribution market in Latin America with a size of approximately USD 2.3 Billion and a burgeoning domestic demand. The 10 year energy expansion plan envisages electricity consumption in Brazil to rise from approximately 350,000 GWh to 620,000 GWh. To address this demand, Brazilian utilities are expected to make substantial investments in this sector.

 
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