ZTE, a leading global provider of telecommunications equipment and network solutions, has on Thursday entered Smart Grid solutions market in India with the launch of a range of end-to-end solutions which will address the urgent need for creation of Smart Grids by the Power sector in the country.
The launch is in line with the company’s strategy of introducing its technologically advanced products and services to cater to the technology requirements of the Government and of enterprises across industries for enhanced growth in the country.
With investments in smart grid solutions in India expected to grow to US$ 10 billion in a span of 5 years, ZTE has entered into partnerships with infrastructure vendors and system integrators like Dongfang Electronics and TCIL for jointly offering these solutions to power generation & distribution companies in India. The company is also in advanced talks with Power Grid Corporation of India Ltd (PGCIL) to offer its range of end-to-end Smart Grid solutions.
“The demand for power in India is far outstripping supply and a significant percentage of power generated is lost during transmission due to which power generation & distribution companies are focusing on adopting efficiency enhancement solutions,” said ZTE India CEO Cui Liangjun. “With its extensive experience of catering to the requirements of the power sector across markets including China, Nigeria and Europe, ZTE is looking at ushering in a technology revolution in the Indian power sector and play a pivotal role in addressing the country’s energy requirements.”
ZTE will focus on providing end-to-end smart grid solutions including smart meters, transmission networks, clouding computing solutions, video conferencing and video surveillance solutions along with Next generation Contact center solutions. These technologically advanced solutions will not only drive efficiency in the existing distribution network but will also integrate green power generation technologies with the existing infrastructure. ZTE’s offerings will provide the Indian power sector with an opportunity to adopt highly efficient and reliable smart grid solutions at a low OPEX and maintenance costs. |