INR1000 Crore projects in transmission & distribution approved for Gurugram
India: More than USD15.2 million
project in transmission & distribution sector is approved by Haryana state
government in a move to turn Gurugram into no blackout zone. The project is
expected to raise electricity supply by 2000-3000 MW in Gurugram as well as
nearby areas. The Sterlite Power which bags this project envisages laying out
four lines of 170 km in total and three sub-stations to eradicate power cuts in
the area. Land acquisition for project is already completed and financial
closure is expected anytime soon.
TechSci Research
depicts that " India
has been witnessing a significant rise in power demand for the past few decades
on account of 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
US$ 200 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. This, in turn,
is fuelling the demand for EHV and UHV class power transformer installations
throughout the country.