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Shashi Shanker takes charge as Chairman and Managing Director of ONGC on October 1, 2017.

The Indian power sector is undergoing a major transformation with the large scale introduction of renewables in the power mix and the ever increasing peak loads.

Hydropower segment has been facing numerous impediments to its growth. However, it has come into the government focus exudes hope that it will pick up pace going ahead.

India has embarked on an ambitious programme to add 9,000 MW of nuclear power capacity in the next few years, mostly riding on the new indigenously developed 700 MWe (mega watt electric) pressurised heavy water reactors (PHWRs) as part of its clean energy thrust.

Strategic investors derive value by bringing in much valued technical and implementation capability. Strategists are more interested in a portfolio which gives them necessary scale and possible operational optimisation that can help them drive returns.

Power sector seems to have seen hectic activity over the last three years - in terms of generation, transmission and distribution of power and efforts to create and bolster demand. However, with every addition of a megawatt in power generating capacity the problems of the sector got accentuated.

The growth of our business in India over the past 20 years has been very satisfying. The initial 15 years continuously gave us healthy, double-digit growth, supported by several additions in the product offerings to the market.

At least 75 per cent of all systems containing oil fail due to contamination or use of ageing oils. Contamination decreases the ability of valves to control flow and pressure, thus wasting horsepower and generating excess heat. Ball bearings break because they can't maintain their oil film.