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.