Hinduja National Power announced commissioning of 1.04 GW power plant in Vishakhapatnam

India: Hinduja National Power commissioned 2 units of 0.520 GW each in Andhra Praesh making it a power surplus state. The power generated from the plant will be supplied to Southern and Eastern Power Distribution companies of Andhra Pradesh in order to cater the growing electricity demand from industrial regions in Vishakhapatnam region which has seen a tremendous growth in economic activities. Hinduja National Power identifies Power sector as one of its focussed area and plans to deploy power plants with an installed capacity of 10 GW with an envisaged investment of USD 12-14 billion in the coming years.

TechSci Research depicts that the rapid expansion of generation plants would give a major boost to the power evacuation infrastructure needed to supply generated power to the demand areas. It would result in the expansion of power transmission and distribution lines. The implementation of transmission and distribution lines will eventually surge the demand for Power and distribution transformers market as it forms a critical component of power evacuation infrastructure.

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.