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.