BHEL announces commissioning of 500 MW power plant in Jharkhand

India: Bharat Heavy Electronics Limited, a state owned corporation, commissioned 500 MW unit at Bokaro Thermal Plant of Damodar Valley Corporation (DVC) increasing its share to up to 84% of DVC’s total generating capacity. The project has been set up under Engineering, Construction and Procurement Contract. BHEL aims to provide 87% of total installed capacity in Jharkhand and is also planning to set up 1980 MW plant in Kharanpura, Jharkhand.

TechSci Research depicts that commissioning of thermal power plant unit and company’s ambitious plans to set up more plants in Jharkhand will provide opportunities to manufactures engaged in the manufacturing of power plant equipment thus paving the way for the growth of power and distribution industries in the region. It will also lead to the growth of transmission and distribution network needed to supply power from the generating stations giving access to electricity in rural parts of Jharkhand.

According to TechSci Research report “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 12^thfive 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.