Power Grid Corporation of India Limited Awarded Contract Worth USD37.31 Million

India: Power Grid Corporation of India Limited awarded contract worth USD37.31 million to Sterling and Wilson for the procurement of substations, transformers and reactors to be implemented under North East Region Scheme-IV & VII. The project would cover areas such as Imphal, Silchar, Balipara, Bongaigaon, Misa, Kopili, Nirjuli, Agartala, Mokokchung and aims to strengthen the power distribution network in North Eastern parts of India. The contract would include the installation, testing and commissioning of substations including power transformers and reactors in North Eastern parts of India. The project is estimated to be completed by May 2017.

TechSci Research finds out the transmission and Distribution network in North Eastern parts of India is under developed leading to irregular power supply in these regions. The implementation of substations, transformers and reactors in North Eastern region would improve the power supply scenario thereby resulting in reliable power supply which can be utilized optimally to support housing and industrial activities. The project of strengthening the power transmission and Distribution network in North Eastern Region would give a major thrust to India Power and Distribution Transformer market

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