Shandong Power Equipment Works (SPECO), a wholly owned subsidiary of the State Grid Corporation of China, and power engineering products and services provider Universal Power Transformers have signed an agreement for manufacturing transformers in India.

Under the deal, SPECO will transfer technology to Universal for the manufacture of 220 advanced high voltage transformers.

Over 170 Chinese produced transformers have already been installed by SPECO in India, and the new partnership and associated technology transfer will mark the company’s first move in the country.

SPECO is engaged in the design and production of various power transformers, with the annual productive capacity of over 30,000MVA.