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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.

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