National Hydroelectric Power Corporation (NHPC) to commission nearly 610 MW hydro projects by FY17

India: National Hydroelectric Power Corporation (NHPC) has announced the commissioning of 610 MW of hydro projects by FY17. The company aims to commission two units of 160 MW Teesta Low Dam Project stage-4 in West Bengal and 330 MW Kishanganga Projects. The company have also announced the set up of one unit of 200 MW of Parbati-II Hydro Project in Himachal Pradesh which is slated to be completed by November 2018.

Techsci Research depicts that the development of new hydro projects would give a major boost to the power and distribution transformers market in the country. The project will also help in meeting the water shortages in the local regions. These projects would lead to the expansion of Transmission and Distribution (T&D) infrastructure that is required to supply power from the hydro projects to the demand centres. This would in turn, boost the demand for Power and Distribution Transformers thereby influencing the overall growth of power and distribution transformers market in India in the coming years.

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% by 2020. Power transformers contributes to a major portion in overall market revenues due to their higher price points. Notable technological upgrades are underway to reinforce the country’s transmission and distribution network, which would continue to drive the demand for power and distribution transformers in India.