Government of India Pushes Expedite NOC for Leh Transmission Line
India:
According to a recent review from the Prime Minister’s Office (PMO), they have
asked the defence and power ministries to resolve the issue of no objection
certificate (NOC) required for a 375 km transmission line to pass through
border areas of Drass and Kargil to Leh. The project also includes the erection
of nearly 50 towers near to the Line of Control from Drass and Kargil as well
as allowing building of substations at the two places. The project is yet to be
approved by the ministry and is expected to be completed by September 2017. The
Prime Minister’s Office (PMO) has also asked the state to resolve the MoU and
the tax waiver issue for the project by October 31. J&K has also been told
to handover the balance land required for setting up a power sub-station at
Kargil by November 15.
TechSci Research depicts that
the government has taken up various initiatives including Deendayal Upadhyaya
Gram Jyoti Yojana (DDUGJY) for electrification of rural pockets of India, which
has spurred significant investments in the country’s power sector. 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.
According
to released report of TechSci
Research “India Power & Distribution
Transformers Market Forecast & 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 12th Five Year plan
(2012-2017), Indian government allocated US$ 200 billion for strengthening the
country’s power generation, transmission and distribution sector.