In Need of Back-Up
In June 2018, the government has revised the targets for 2022 to increase the solar power capacity to 113 GW from the earlier set 100 GW. Though the industry has the capability to meet this, it is fighting policy-level challenges.
Sprinting on a Growth Track
The World Bank recently has put out a report in which the demand for electricity in India is growing at the same rate as in France or Germany as millions of people in rural or impoverished areas seek access to power in their homes and workplaces.
Green Shoots for BoP
The stagnant state of industrial output has resulted in lower demand for electricity. From the inactive state, when the economy starts picking up, it is expected that there would be a demand surge in the long term.
Capacity addition in Renewable Energy (RE) has shown a steady progress in the past decade. Though wind energy is leading the RE basket, solar, biomass and small hydro have made significant progress in the last few years.
Foreign shopping to widen market
Pumps are a common and important component in almost all industrial segments across the world. The most commonly and widely used pumps are the centrifugal pumps or the water pumps, of which the agricultural segment in India are the largest consumers
Green thrust to boost revival
Gas-based power capacity addition in India has been hit badly owing to factors like - the cost of power, cost of transporting gas, and non-availability of gas. A decade back there were major initiatives by different stakeholders to put up gas-based power plants thinking that the fuel will be available in plenty from domestic production.
Switchgears on upswing
The demand for electricity is ever increasing in India. urbanisation, infrastructure additions, growth in real estate, and of course the rural electrification project is spiralling the electricity demand.
On a Slow Track
Revival of power sector is a topic that is being widely discussed among the power sector aficionados, vendors and banking circles in India currently.
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