India’s Power Transmission and Distribution Sector to attract investment worth USD 300 billion by 2017
India: The Energy Sector in India is
experiencing a tremendous growth, the Electricity generation capacity is
growing at a CAGR of around 6% whereas the growth in Transmission and Distribution
sector is growing at 5.5% over the past few years. The 12th five-year
plan emphasises on developing all major components of Power Supply Value Chain
through Integrated Power Development Program. Recently, the Power Grid
Corporation of India has approved investment proposals worth INR 33 billion. The
investments made is mainly directed towards the development of Ultra Mega Solar
Power Projects along with investments in Transmission and Distribution systems
and equipment.
TechSci
Research depicts that the Indian Energy sector offers great investment opportunities.
The power requirement in India will be around 315 GW by 2017 which will require
investment of around USD 600 billion. Categorically, the investment opportunities
will be UDS 300 billion in power generation, USD 110 billion in transmission
and around USD 190 billion in Distribution sector. Power Grid along with other
public sector and private sector players plans to grab these investments
opportunities.
According
to a recently released TechSci Research
report, “India Power and Distribution Transformers Market Forecast and
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. India is also
focusing on use of alternative energy resources like nuclear and solar energy
for power generation, which is expected to further boost transformer
deployments in the country in the coming years.