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.