West Bengal State Electricity Distribution Corporation awards USD25.81 Million Contract to Bharat Heavy Electricals Limited

Increasing number of upcoming power projects has increased the deployment of power and distribution transformers in India

India: Bharat Heavy Electricals Limited has grabbed an order from West Bengal State Electricity Distribution Corporation Limited for setting up three solar photovoltaic power plants on turnkey basis, having an installed capacity of 30MW. The project cost is around USD25.81 million. Out of this, each 10MW is expected to be developed in Mejia in Bankura, Santaldih and Chharrah in Purulia in West Bengal.

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 12^th five year plan (2012-2017), Indian government allocated USD200 billion for strengthening the country’s power generation, transmission and distribution sector.