Avantha Group Company Crompton Greaves (CG) signed a contract with the State Utility of Paraguay - Administracion Nacional de Electricidad (ANDE) for  supply of 19 single and three phase transformers amounting to a total of 683.3 MVA, for expansion of the country's 220 kV Electricity Network. Paraguay is one of the world's largest exporters of electricity.  It exports to neighbouring Brazil and Argentina.  CG has been present in South America for the past two decades.
 
CG, which has a consolidated global manufacturing capacity of 95,000 MVA; 46,000 MVA in Asia, 31,000 MVA in Europe, and 18,000 MVA in North America, will manufacture these transformers in India and supply them in 3 lots. Spare parts, supervision of installation and commissioning, and on-site training, will also be provided.
 
This contract was won under a competitive international public bidding process. The Paraguayan grid has 1.3 million customers and approx 32,000 kms of distribution lines. It has been growing @ 4% p.a. since 2009. This contract represents the strengthening of 10% of ANDE's current transforming capacity.
 
Commenting on the contract, Avantha Group Company CG's CEO & managing director, Laurent Demortier said, ''CG's global expertise in power transmission and distribution is now making its presence felt in the South American region too. We are proud to be involved in this major project with ANDE, and become a key player in their grid expansion and modernization programme.  Our customers in the fast growing networks in that region can rest assured that we are fully equipped to meet all their demands with cutting edge quality and prompt.''

Shares of the company declined Rs 4.2, or 2.88%, to settle at Rs 141.55. The total volume of shares traded was 142,129 at the BSE (Thursday).