PFC to Provide USD405.58 Million for West Bengal’s First Super Critical Power Project
The increasing investment in power projects will drive the demand for
power and distribution transformers in India.
India: State run Power Finance
Corp (PFC), a Non-Banking Financial Institute (NBFC) for power sector has
announced a sanction of USD405.58 million to West Bengal Power Development
Corporation (WBPDCL) for development of unit 5 of Sagardighi Thermal Power
Station in Murshidabad. The unit 5 is being developed in phase III of the power
project with an estimated cost of USD579.59 million by 2020 and proposed
funding debt to equity ratio of 70:30. The unit would generate approximately
4,209 million units of energy upon completion.
TechSci Research depicts that with the generation capacity addition has
been planned to meet the rising demand of electricity in India. Based on demand
projection of the 18th Electric Power Survey (EPS), generation capacity
addition target of 88,537 MW has been planned from conventional sources on
All-India basis during 12th Five Year Plan. Government focus on adding more capacity in
power generation from conventional and renewables source will give demand boost
for the power equipment 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 released report of TechSci Research, “India
Power and 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.”