GOI Gives a Green Nod to USD1.5 Billion Khurja Power Project in Uttar Pradesh.

The increasing investment in power projects will propel the demand for power and distribution transformer market in India

India: The Government of India has given green nod for setting up 1,320 MW coal fired Khurja super critical thermal power project at a cost of USD1.5 billion in Bulandshahar district, Uttar Pradesh. The whole thermal power project will be managed and implemented by state-run THDC India Ltd. (THDCIL) along with the Uttar Pradesh Government with an aim to address the electricity shortage being faced in North Indian Region. The plan will be setting up two units of 660 MW and the produced electricity will be evacuated through 400 KV transmission system by Power Grid Corporation Limited (PGCL).

TechSci Research depicts that increasing capacity of coal-fired power plants and transmission lines would provide a big thrust to the Indian Power transmission & Distribution segment, and would pose a huge demand for Power & Distribution Transformer as well. The transformer manufacturers in India as well as in other countries have started investing heavily towards their research and development efforts. On account of increasing penetration of Transmission Line and Substation, the Indian Power & Distribution Transformer market is expected to expand in near future.

According to released report of TechSci Research, “India Power & Distribution Transformers Market By Transformer Type, By Power Output, Competition Forecast & Opportunities, 2022”. Moreover, growing demand for distribution transformers in India can be attributed to increasing focus of Government of India to provide access to electricity to all rural households of the country. Furthermore, the west region garnered the largest share in the country’s power & distribution market in 2016, and the region is anticipated to continue its dominance through 2022