Industry News

Bharat Heavy Electronics Limited(BHEL) announces commissioning of 250 MW thermal unit in Maharashtra

India: Bharat Heavy Electronics Limited, a state-owned enterprise commissioned a 250 MW unit at Paril, Thermal Power Plant owned by Maharashtra State Power Generation Company (MAHAGenco). BHEL is a key player in developing power projects in Maharashtra and have commissioned around 16 GW of power projects in the state till date. BHEL’s 200-270 MW rating class sets are considered one of the best performing sets developed as per international standards.

Techsci Research depicts that the development of new power projects in Maharashtra will act as a catalyst in boosting the infrastructure projects in the state. Maharashtra has a rapidly growing industrial sector and also have major scope for growth for power sector in rural areas. The development of projects will help in strengthening of power transmission and distribution network needed for supplying power to rural and urban population. The development of power transmission and distribution infrastructure will give a major boost to power and distribution transformer industry.

According to a recently 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.

Relevant News