New Delhi: Alstom T&D India, an arm of French power equipment major Alstom, expects to bag a major chunk of state-run PowerGrid Corp's proposed transmission network contracts in the next five years. (Agencies)
"PowerGrid has plans to add 80 more sub-stations in the 12th Plan, it is their target, they always sub-contract it to other players," a source in the know told on Tuesday.
"Typically, a sub-station accounts for 40% of the total transmission network's investment," the source said adding that Alstom T&D should be able to do a fairly good amount of those 80 sub-stations.
As many as 28 sub-stations in different parts of the country have Alstom T&D's technology. Bullish on the country's power sector, Alstom T&D expects to see good business opportunities in the power transmission segment.
Recently, the Country President and Managing Director of Alstom T&D India, Rathin Basu, had said that the prospects for power transmission sector are looking good.
"The reasons are that in the past five years we have added 54,000 MW in the (national) grid which was more than double of Xth Plan i.e. 22,000 MW.
"When you add such a huge amount of power to the grid, it has to be transported, it can only be done through transmission system," Basu pointed out.
According to him, about 70,000 MW power generation capacities is in different stages of construction. These projects would also result in demand for transmission networks in the coming years, he added.
Further, Alstom T&D expects to get business from the government's proposed initiative of connecting the Southern grid with the National grid.
"PowerGrid has built the National grid. It is not connected to the Southern grid once that happens, the whole of India should be running on one frequency," Basu added.
Looking to capitalise on the potential of the Indian power sector, Alstom T&D anticipates to increase its annual investments in the coming years from the existing level of Rs 70 crore.
Alstom T&D India is part of Alstom Grid, a global player in electrical grids.
New Delhi: Alstom T&D India, an arm of French power equipment major Alstom, expects to bag a major chunk of state-run PowerGrid Corp's proposed transmission network contracts in the next five years.