Powering ahead full steam
Indian electrical equipment industry, broadly classified as generation equipment and transmission and distribution (T&D) equipment, manufactures products ranging from high- technology equipment to low-technology electrical components.
Solar: Policy consistency is imperative
The solar capacity in the country has crossed barely 16 GW in November 2017. That leaves a lot of road to be covered before achieving the envisaged target of 100 GW by 2022.
We see a sharp dip in EPC work in 2018
The Indian solar industry had close to 9 GW of engineering, procurement and construction (EPC) work in 2017, and we are expecting a sharp dip in 2018.
Technology, innovation to drive growth for renewable
A corporate venturing subsidiary of Atha Group believes that technology and innovation would be the key future growth drivers of the sector. Today, AMPL has one of the best technologies adapted across segments in order to cater to the best needs of its customers.
Energy from sun is abundant and the sun will continue to shine for billions of years to come. While the solar energy is inexhaustible and renewable, its irradiance is environment-friendly. The solar power system does not emit toxic gases, which are environmentally damaging.
Positive for coal, marginally negative for solar, wind
In terms of impact of GST on the power sector, it is a mixed bag with the effect being positive for some and marginally negative for others. The reduction in tax rate on domestic coal will provide a relief to coal based power plants in the cost of power generation even after accounting for an increase in capital cost (due to higher tax rates in boiler, turbine, generator segment).
One of the most versatile electrical products with a wide application spectrum ranging across computers, televisions, appliances, automobiles, aircraft, domestic and industrial equipments, power electronics, drivers, UPS; capacitors are not just energy storage devices, but are also used for signal filtering, processing and power conditioning (power factor correction and transient suppression (harmonic filtering).
Electrical equipment industry grows 4.25 per cent in FY2016-17| IEEMA
The electrical and industrial electronics industry has witnessed a 4.25 per cent growth in FY2016-17, over the previous year. The industry exported Rs 38,580 crore ($6 billion) worth of electrical equipment in 2015-16 (Rs 35,276 crore April to February in 2016-17 - $5.25 bn).
While India is making steady headway on the transmission front and the sector has witnessed commendable growth over the last few years with substantial capacity additions, the distribution or last mile connectivity is still a concern in India.