India to Produce More Power than Necessary this Fiscal
India: According to government estimates, India is set to
produce 1.1% more power than necessary by the end of fiscal year 2015-16. The
peak period surplus is estimated to be 2.6% against the last year deficit of
3.2%. However, there will be some areas facing deficit mainly due to
transmission constraints, the Central Electricity Agency report depicts. The
south and west India are expected to witness surplus energy generation of 3.3%
and 6.9% whereas, North, East, and North-east regions are expected to face
shortage of 1.8%, 10.3% and 3.8%, respectively.
TechSci Research
depicts that India has been witnessing a significant rise in power demand
during past few decades because rapid growth in population, industrialization, and
urbanization. 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. Foreign players,
especially Chinese and Korean electrical equipment manufacturers, have captured
almost one fourth of Indian transformers market, mainly in EHV and UHV class
power transformers, as the products offered by them are considered cheaper and
technologically advanced."
According to released report of TechSci Research “India
Power and Distribution Transformers Market Forecast and
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 USD200 billion for strengthening the
country’s power generation, transmission and distribution sector. One of the
major developments underway includes the country’s shift from 765 kV to 1200 kV
power transmission.