Rural Electrification Rs.400 Billion Opportunity!
The Indian power equipment industry aspires to become a $100-billion industry by 2022, and its golden days have begun with programmes like rural electrification under the Deen Dayal Upadhyay Gram Jyoti Yojna
Digital substations will reduce AT&C losses
India for us is a very important market because of being the fastest growing globally. In our global automation portfolio, we have one of our factories in Goa where we not only design and develop products for India, but also for the global market.
REC, T-Hub join hands to produce renewable energy projects
The Rural Electrification Corporation’s REC Foundation and tech start-up incubator T-Hub have come together to roll out a programme to help 1,800 young college innovators in the two Telugu-speaking states to produce 600 projects focused on renewable energy.
No clear roadmap
The outlook for thermal power generation market is not negative as India is still hugely underserved on electricity. The current limbo is caused by a sudden addition of about 100 GW in a five year period, driven by a policy of coal block allocation i.e., a rush encouraged by the premium from fuel shortages.
ABB acquires GE Industrial Solutions
ABB has announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business for $2.6 billion; the transaction will be operationally accretive in year one.
REC declares results for year ended March 31, 2017
Rural Electrification Corporation Limited (REC), a Navratna public sector company declared its financial results for the quarter and year ended March 31, 2017 as approved by its Board of Directors in the meeting held on May 30, 2017.
Hartek Power bags over 1 GW solar grid EPC projects in 2016-17
Having exceeded its target of connecting 500 MW solar projects to the grid, Hartek Power, has bagged 1,025 MW solar grid EPC orders in 2016-17, thus registering a phenomenal increase of 733 per cent, as compared to the company’s order size in the previous year when it had secured just 123 MW orders.
11,931 villages electrified under DDUGJY
Out of 18,452 un-electrified villages, 11,931 villages have been electrified as on January 30, 2017 under Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY). This was stated by Piyush Goyal, Minister of State (IC) for Power in a written reply to a question in Rajya Sabha.
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.