An agreement on JV creation between Mehru and Izolyator
On 27 August 2018, at the 47th CIGRE Session in Paris, Izolyator and Mehru Electrical & Mechanical Engineers (P) Ltd. (India) signed a joint venture agreement.
Mehru Electrical & Mechanical Engineers (P) Ltd. manufactures Instrument Transformers up to 420 kV. Mehru is one of the leading suppliers of Instrument Transformers to numerous clients not only in India but all over the world. Exports its production in more than 30 countries around the world. Mehru Production & Facts: Outdoor Oil Coated Transformers up to 440 kV voltage class, Outdoor Oil coated Electromagnetic Voltage Transformers up to 300 kV voltage class, Outdoor Oil coated Capacitor Voltage Transformers and Coupling Capacitors up to 440 voltage class, Combined CT/PT units up to 36 kV voltage class, Precision Grade Current & Voltage Transformers/ Test Benches, Indoor Resin Cast Instrument Transformers up to 36 kV, Low Tension Current & Voltage Transformers, High Voltage Test Sets up to 800 kV voltage class.
Mehru and Izolyator entered into agreement on strategic cooperation in a project to set up a joint venture to manufacture high-voltage bushings with solid RIP insulation on the territory of India.
The document was signed by Mr. Alexander Slavinsky, Chairman of the Board of Directors, Izolyator Company, and Sandeep Prakash Sharma, Executive Director, Mehru Company.
Mehru's Executive Director Sandeep Prakash Sharma and Izolyator’s Chairman of the Board of Directors Alexander Slavinsky are signing an agreement to set up a JV
The signing ceremony took place at the stand of the Russian National Committee of CIGRE in the presence of the Chairman of the Management Board of Federal Grid Company of Unified Energy System, Chairman of Russian NC of CIGRE Andrey Murov and the Chairman of Power Grid Corporation of India Limited, Chairman of Indian NC of CIGRE Mr. I. S. Jha.
The JV agreement between Mehru and Izolyator has been signed, L-R: Chairman of the Board at FGC UES PJSC Andrey Murov, Chairman at Power Grid Corporation of India Limited Mr I. S. Jha, Executive Director at Mehru Sandeep Prakash Sharma and Chairman of the Board of Directors at Izolyator Alexander Slavinsky
The agreement institutes the principles of complete production cycle organization in the territory of India and further manufacture of various class high-voltage bushings with state-of-the-art solid RIP insulation. The main constructional part, as well as know-how of the JV will be inner RIP insulation of the Izolyator Company in-house design. It has to be noted that this is the first experience of Russian companies in establishing a joint venture with Indian companies for high-voltage power-generating machinery production.
Friendly relations in the years since the Soviet Union, positive dialogue between the Federal Grid Company of Unified Energy System of Russia and the Power Grid Corporation of India Limited State Company, as well as successful work of Izolyator Company in the energy market of India have made it possible to go on with sharing of experience between the grid companies and expand cooperation among industrial enterprises of the two countries.
Izolyator Company is the global leader in the area of development and manufacture of high-voltage bushings for the voltage ranging from 20 to 1150 kV. In its history of 120 plus years the enterprise produced over 620 thousand high-voltage bushings which are in service throughout the vast majority of power sites in Russia and CIS as well as in 30 rest-of-world countries. Izolyator is the key partner of the CIGRE RNC and basic enterprise for the CIGRE RNC SC D1 “Materials and development of new testing methods and diagnostic tools”.
The highest level of performance in compliance with international standards is what gives Izolyator Company an advantage over other power equipment manufacturers.
Constructive dialogue with Russian and Indian colleagues is yet another important fact emphasizing thoughtfulness, openness and interest in the development of long-term and mutually beneficial partnership relations.
