INR1000 Crore projects in transmission & distribution approved for Gurugram

India: More than USD15.2 million project in transmission & distribution sector is approved by Haryana state government in a move to turn Gurugram into no blackout zone. The project is expected to raise electricity supply by 2000-3000 MW in Gurugram as well as nearby areas. The Sterlite Power which bags this project envisages laying out four lines of 170 km in total and three sub-stations to eradicate power cuts in the area. Land acquisition for project is already completed and financial closure is expected anytime soon.

TechSci Research depicts that " India has been witnessing a significant rise in power demand for the past few decades on account of 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 US$ 200 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. This, in turn, is fuelling the demand for EHV and UHV class power transformer installations throughout the country.