Power Grid Won the 765 KV Power Transmission Project in Eastern India

The development of project would boost the demand for power and distribution transformers market in India

India: Power Grid Corporation of India won the contract to develop 765KV line in Eastern parts of India through competitive bidding process. As per the bidding, the development project would include the deployment of 765/400 KV power transmission line along with setting up of 2x1500 MVA substation at Medinipur and setting up of 765/400kV, 2x1500 MVA transmission line in Jeerat, West Bengal.

TechSci Research depicts that the development of project would provide a major boost to the transmission and distribution sector in the Eastern Region of the country. The Eastern parts of India have insufficient and old power transmission network which have resulted in huge AT&C losses and power shortages in the region. The development of project would include the setting up of both transmission line as well as substations which involves the setting up of power and distribution transformers. As a result, the market for power and distribution transformers in the region would witness a major boost in coming years.

According to released report of 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 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 fueling the demand for EHV and UHV class power transformer installations throughout the country.