Trial Run of India’s first 700 MW nuclear reactor to begin in first half of 2017
Pressurized
Heavy Water Reactor (PHWR) is expected to start commercial operation in 2018
which will boost the demand of power & distribution transformer market in
India
India: The trail run of India’s
first Pressurized Heavy Water Reactor (PHWR) would take place in mid-2017. The
PHWR is a part of four 700 MW PHWRs to be developed by Nuclear Power
Corporation of India Ltd. (NPCIL) —two each at Kakrapar Atomic Power Station
(KAPS) in Gujarat and Rajasthan Atomic Power Station (RAPS) in Rajasthan.
According to an official from NPCIL, the first out of four PHWRs is at
commissioning stage and its hydro test and hot conditioning would begin in May
or June of 2017. The project cost for two PHWRs is around USD1.75 billion.
TechSci Research depicts that the nuclear power sector is expected to
grow in coming years due to increasing focus on development of nuclear power
generation in the developing countries globally, thereby anticipating the
demand of power & distribution transformer market to grow in the country.
The increasing demand of electricity will result in development of new power
generating facilities in the world. The demand of power in developing economies
is anticipated to witness huge upsurge in near future which will require
addition of power generation capacity.
According to a recent report published by TechSci Research, “India Power & Distribution Transformers Market Forecast & 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 12th
five-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.