Inauguration of 2,640 MW power complex likely to drive the market for power and distribution transformers in India

Growth in the generation capacity boosts the transformer deployments in India

India: Gayatri Energy Ventures along with its joint venture partner Sembcorp Industries have launched a 2,640 MW power complex, Sembcrop Gayatri Power Complex, in Nellore district of Andhra Pradesh that houses two supercritical coal fired power plants with an installed capacity of 1,320 megawatts each at an estimated cost of around USD3 billion. According to the Power Minister, Piyush Goyal, and Chief Minister of Andhra Pradesh, Chandrababu Naidu, the power complex is considered to be largest FDI driven project on a single site in thermal energy and is expected to provide 24*7 power supply for industries and agriculture within the state.

TechSci Research depicts that growth in the generation capacity will boost transformer deployments in the country thereby, increasing the market for power and distribution transformers in India. Citing the opportunities, transformer manufactures in India are investing heavily on research and development efforts to upgrade the technology in order to address the challenges in power sector.

According to a released report of TechSci Research “India Power & Distribution Transformers Market Forecast & Opportunities, 2020”, the power and distribution transformers market is projected to grow at a CAGR of 10% by 2020. Notable technological upgrades coupled with government initiatives such as Deendayal Upadhyaya Gram Jyoti Yojana (DDUGJY) for electrification are expected to further propel the growth in significant investments into the power sector that are likely to drive the power and distribution transformers in India.