West Bengal State Electricity Distribution Corporation awards USD25.81 Million Contract to Bharat Heavy Electricals Limited
Increasing number of
upcoming power projects has increased the deployment of power and distribution
transformers in India
India: Bharat Heavy Electricals
Limited has grabbed an order from West Bengal State Electricity Distribution
Corporation Limited for setting up three solar photovoltaic power plants on
turnkey basis, having an installed capacity of 30MW. The project cost is around
USD25.81 million. Out of this, each 10MW is expected to be developed in Mejia
in Bankura, Santaldih and Chharrah in Purulia in West Bengal.
TechSci
Research depicts that with the addition in the generation capacity, government
plans to meet the rising demand of electricity in India. Based on the demand
projected in the 18th Electric Power Survey (EPS), during 12th Five Year Plan,
a target of 88,537 MW has been planned from conventional sources on an All-India
basis. Government is focusing on adding power
generation capacity from conventional and renewables sources which would
increase the orders for power related companies like ABB, Siemens, BHEL &
Alstom T&D. To meet the target, TechSci Research has projected that Power
and Distribution Transformers companies will need to enhance their manufacturing
capacity.
According
to a released report of TechSci
Research, “India
Power and Distribution Transformers Market Forecast & Opportunities, 2020”, India is the second-largest
power transformers market in APAC and was valued at USD1.81 billion in 2014 and
is projected to grow at a CAGR of over 10% till 2020. Under the 12th
five year plan (2012-2017), Indian government allocated USD200 billion for
strengthening the country’s power generation, transmission and distribution
sector.