Power Grid Corporation commissioned INR303 billion transmission projects in FY 2015-16
India: Power Grid Corporation implemented transmission
projects worth INR303 billion (unaudited) in the financial year 2015-16. As on February 29, 2016, Power Grid’s has a
network of a primary transmission system with over 1,28,200 circuit kilometers
of transmission lines and transformation capacity of 2,49,578 MVA. The
Company is involved in power transmission business along with planning,
supervision and control over inter-state transmission system and national and
regional power grids.
TechSci Research depicts that India is focusing
on increased power generation from coal, hydro, and alternative energy
resources, which is expected to boost transformer deployments in the country in
the coming years. One of the major developments underway by Power Grid
Corporation includes the country’s shift from 765 kV to 1200 kV power
transmission. Power Grid Corporation has awarded several contracts for supply
of power and distribution transformer to Crompton Greaves
Limited, Bharat Heavy Electricals Limited, Siemens Ltd.,
Alstom T&D Ltd and ABB India Ltd.
According to “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.