Iberdrola awards â‚¬24m smart-meter contract to CG
October 6, 2015
Mumbai-based Avantha Group company CG has won a €24m contract to supply ZIV single- and three-phase smart meters to Spanish utility Iberdrola. This win increases CG’s leadership in the Iberian market and consolidates its position as a strategic partner for utilities in smart grid deployment.
The order follows one of €17m from Gas Natural Fenosa (GNF) for the supply of PLC communicated smart meters, won recently. ZIV’s single phase smart meter model is claimed to be the reference smart meter in the Prime PLC market segment, after the deployment of almost four million ZIV units worldwide.
CG, in line with addressing the growing demand in the market, has expanded its manufacturing plant in Zamudio, Spain, introducing automatic assembly lines that will be able to produce over two million smart meters annually. The company is ready to meet both international and national market demands where Spanish utilities are expected to replace 70 per cent of analogue meters by 2016 and all of them by 2018. It is collaborating closely with the distribution utilities and assisting them in achieving the goal within the timeline.
ZIV smart meters have a proven track record of robust performance, backed by a string of strategic wins from some of the most relevant and innovative European utilities such as GNF in Spain, EDP in Portugal and ERDF in France.
CG’s relationship with Iberdrola goes back a long way in supporting their technology demand as a pioneer in smart grid deployment. Iberdrola has been a first mover in smart grid deployment from back in 2011 with the first AMI pilot in Castellon, Spain, followed by the Bidelek project in Greater Bilbao in 2012, the world’s first large scale smart grid deployment, for the benefit of nearly 500,000 inhabitants in Spain.
“We thank Iberdrola for this important order which reinstates CG’s commitment in providing smart grid solutions to the European utilities to monitor and manage their networks,” said CG’s CEO and managing director Laurent Demortier. ‘We remain focused on supporting our customers to build a modern, efficient grid and improve their overall end-user experience by providing a full suite of smart grid products and services. As an agile company we are already working on new ZIV solutions beyond advanced metering infrastructure to ensure our technological edge.”