Industry News

Bharat Heavy Engineering Ltd (BHEL) bagged an Order for Setting up 80MW Photovoltaic Power Plant

India: Neyveli Lignite Corporation Ltd. (NLC) and Bharat Electronics Ltd. (BEL) have awarded an order worth USD66.76 million to BHEL for setting up 80MW photovoltaic power plant on an engineering, procurement and construction (EPC) basis. Out of this, 65MW power plant would be setup at Neyveli, Tamilnadu for NLC and 15MW at the premises of Ordnance Factory Medak, Telangana for BEL. Earlier, the company bagged similar orders from NTPC under competitive bidding for setting up 50MW solar photovoltaic power plant at Anantpur, Andhra Pradesh and another 50MW power plant at Mandsaur, Madhya Pradesh.

TechSci Research depicts that with the addition in the generation capacity, government plans to meet the rising demand of electricity in India. Based on the demand projected in the 18th Electric Power Survey (EPS), during 12th Five Year Plan, a target of 88,537 MW has been planned from conventional sources on an all-India basis.  Government is focusing on adding power generation capacity from conventional and renewables sources which would increase the orders for power related companies like ABB, Siemens, BHEL & Alstom T&D. To meet the target, TechSci Research has projected that Power and Distribution Transformers companies will need to enhance their manufacturing capacity.

According to a released report of TechSci Research,India Power and Distribution Transformers Market Forecast & Opportunities, 2020”, India is the second-largest power transformers market in APAC and was valued at USD1.81 billion in 2014 and is projected to grow at a CAGR of over 10% till 2020. Under the 12th five year plan (2012-2017), Indian government allocated USD200 billion for strengthening the country’s power generation, transmission and distribution sector.


Relevant Reports

United States Dredging Market, By Type (Dipper, Water Injection, Pneumatic, Bed Leveler, Others), By Application (Trade Activity, Trade Maintenance, Energy Infrastructure, Urban Development, Coastal Protection, Leisure), By Customer (Government, O&G Companies, Mining Companies, Renewables, Others), By Region, Competition, Forecast and Opportunities,

Oil and Gas | May, 2024

The United States dredging market is rising due to increased demand for infrastructure development, coastal protection, and maintenance dredging to ensure navigable waterways, driven by growing economic activities and the need for resilient coastal ecosystems during the forecast period 2025-2029

Relevant News