Industry News

Nuclear Plants to be set up in Northern India States of Punjab, Uttarakhand and Uttar Pradesh

India: The Government of India recently announced that nuclear plants will be established in the states of Uttar Pradesh, Uttarakhand and Punjab. By building such plants in Northern India, the government aims to increase the presence of Nuclear Energy in this region. The Minister of State, Jitendra Singh, also responded to the news of leakages in Kakrapar Atomic Power Plant, stating that the plant is on regular shut down for maintenance.

TechSci Research depicts that Government of India plans to increase the share of Nuclear energy in the total energy mix. The recent developments on importing nuclear fuel from countries such as Australia, USA and Canada have further strengthened India’s hopes to boost Nuclear Energy in India which presently contributes to around 2% in total power generated in India. The development of new plants in Punjab, UP and Uttarakhand will also lead to the growth of Transmission and Distribution network so as to evacuate power from these upcoming nuclear plants. The increase in generation capacity and subsequent increase in T&D network will fuel the growth of India Power and Distribution Transformer Market.

According to 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. India is also focusing on use of alternative energy resources like nuclear and solar energy for power generation, which is expected to further boost transformer deployments in the country in the coming years.    

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