Industry News

PFC to Provide USD405.58 Million for West Bengal’s First Super Critical Power Project

    The increasing investment in power projects will drive the demand for power and distribution transformers in India.

 India: State run Power Finance Corp (PFC), a Non-Banking Financial Institute (NBFC) for power sector has announced a sanction of USD405.58 million to West Bengal Power Development Corporation (WBPDCL) for development of unit 5 of Sagardighi Thermal Power Station in Murshidabad. The unit 5 is being developed in phase III of the power project with an estimated cost of USD579.59 million by 2020 and proposed funding debt to equity ratio of 70:30. The unit would generate approximately 4,209 million units of energy upon completion.

TechSci Research depicts that with the generation capacity addition has been planned to meet the rising demand of electricity in India. Based on demand projection of the 18th Electric Power Survey (EPS), generation capacity addition target of 88,537 MW has been planned from conventional sources on All-India basis during 12th Five Year Plan.  Government focus on adding more capacity in power generation from conventional and renewables source will give demand boost for the power equipment related companies like ABB, Siemens, BHEL & Alstom T&D. To meet the target, TechSci Research has projected that Power and Distribution Transformers companies will need to enhance their manufacturing capacity.

According to released report of TechSci Research, India Power and 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.

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