India to Produce More Power than Necessary this Fiscal

India: According to government estimates, India is set to produce 1.1% more power than necessary by the end of fiscal year 2015-16. The peak period surplus is estimated to be 2.6% against the last year deficit of 3.2%. However, there will be some areas facing deficit mainly due to transmission constraints, the Central Electricity Agency report depicts. The south and west India are expected to witness surplus energy generation of 3.3% and 6.9% whereas, North, East, and North-east regions are expected to face shortage of 1.8%, 10.3% and 3.8%, respectively.

TechSci Research depicts that India has been witnessing a significant rise in power demand during past few decades because rapid growth in population, industrialization, and urbanization. Notable technological upgrades are underway to reinforce the country’s transmission and distribution network, which would continue to drive the demand for power and distribution transformers in India. Foreign players, especially Chinese and Korean electrical equipment manufacturers, have captured almost one fourth of Indian transformers market, mainly in EHV and UHV class power transformers, as the products offered by them are considered cheaper and technologically advanced."

According to released report of TechSci Research “India Power and Distribution Transformers Market Forecast and Opportunities, 2020”, the power and distribution transformers market in India is projected to grow at a CAGR of over 10% till 2020. Power transformers contribute a major portion in overall market revenues due to their higher price points. Under the 12thfive year plan (2012-2017), Indian government allocated USD200 billion for strengthening the country’s power generation, transmission and distribution sector. One of the major developments underway includes the country’s shift from 765 kV to 1200 kV power transmission.