A joint venture is being formed to address a significant supply gap in transformer distribution. This initiative aims to reduce long lead times. The company notes that current wait times are quite lengthy, making this effort necessary.

The joint venture will focus on expanding operations in a specific region. Manufacturing is a key part of this plan, with a longer-term goal of full-scale production. This expansion is driven by demand from various sectors, including grid modernisation and renewable energy.

Further details about this joint venture are available, including the parties involved and their vision for the future.