Demand for Power Transmission & Distribution equipment forecasted to grow at 8.2%
The Freedonia Group, a division of marketresearch.com, has predicted in a recent report on the T&D sector that the demand for electric power transmission and distribution equipment in India is set to rise 8.2% per year to $15.8 billion in 2023.
Upgrades to existing power infrastructure to reduce large amounts of transmission losses and expansion to improve last mile connectivity will provide strong opportunities for growth.
DISCOMs improve ratings with better service and less losses
Power distribution companies across India have registered an improvement in their ratings, according to the 7th annual integrated rating report published by the Ministry of Power.
DISCOM ratings have improved due to a reduction in aggregate technical and commercial losses, timely finalisation of audit accounts and an improvement in consumer service and increased power supply, according to Alok Kumar, Chairman of UP Power Corporation Limited.
Investors could be put off the Renewable energy sector if current issues persist: CRISIL
Prolonged delays in the resolution of the issues faced by renewable energy companies in India can hurt the credit outlook of the sector and dampen investor sentiment, according to rating agency CRISIL.
Major renewable energy producers are currently managing the stress arising from payment delays by Andhra Pradesh & Telangana DISCOMs because of diversified operations and financial flexibility.