Industry News

NTPC Looking to Cross 50 GW Installed Capacity by March,2017

India: NTPC is envisaging to cross 50,000 MW of total generation capacity of the company by March,2017 from current capacity of 47,228 MW. The company is planning to commission 550 MW of solar power project at Mandsaur, Ananthapuram and Badhla. Also, thermal plants at Kudgi (1600 MW), Solapur (660 MW), Nabinagar (250 MW JV), Bogaigaon (250 MW), Mauda (660 MW) and Meja (660 MW JV) are due for commissioning by March-end next year. 

TechSci Research depicts that " India has been witnessing a significant rise in power demand for the past few decades because 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 report published by 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 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.

Relevant News