Industry News

India to provide 24x7 power to every household by March 2019

India: According to the state power minister’s two-day conference held in Goa, all states have resolved to provide 24x7 power to every household by March 2019. The Government of India has targeted to electrify all rural villages except Left-Wing-Extremism-affected ones by December 31,2016 under the Deen Dayal Upadhyaya Gram Jyoti Yojna (DDUGJY). The ministers have also agreed to procure only “smart meters” which are tamper proof and communication enabled. In this conference, hydro-power policy was also discussed and all states sought work out ways for reviving small hydro-power projects.

TechSci Research depicts that the government has taken up various initiatives including Deen Dayal Upadhyaya Gram Jyoti Yojna for electrification of rural pockets of India, which has spurred significant investments in the country’s power sector. 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. Considering the negative impact of these technological developments on the environment, the industry has been undergoing a paradigm shift towards green technologies.  

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 to a major portion in overall market revenues due to their higher price points. Under the 12th five-year plan (2012-2017), Indian government allocated USD200 billion for strengthening the country’s power generation, transmission and distribution sector. 

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