The low per-capita energy consumption level indicates that India's energy demand still has a long way to reach saturation. Gopal Krishan Gupta, CEO, TBEA Energy (India) Pvt Ltd, shares his views on Indian energy market and company's growth plan.
How do you assess the Indian energy market, and which is the segment where you see potential growth for your company?
India's per-capita energy consumption is lower than that of developed countries and even of some developing countries. Its per-capita energy consumption is 0.58 (toe/capita), compared to the world average of 1.8. The low per-capita energy consumption level indicates that India's energy demand still has a long way to reach saturation. With a growing economy and increasing population aspiring for a better quality of life, India's energy demand growth is inevitable. The question is at what scale and speed India's energy demand will expand and which fuels and technologies it will use. This is the key for understanding the future landscape of India's and eventually the world energy market. Our expertise is in the complete T&D solution.
According to you what are the future prospects for the T&D industry?
The power transmission & distribution system goes through distinct stage of development. The natural progression is from isolated small grids operating at low voltage to regional grids operating at high voltages. As the power consumption increases, there is a need to transfer large amounts of power from generators to consumers. In India, there will be a significant growth in the T&D systems as the per capita power consumption increases to global levels and the per capita GDP moves closer the developed nations. The T & D section requires greater and focused attention than given till now.
The lopsided investment pattern needs to be corrected and we need an investment of ration 2:1:2 amongst generation, transmission and distribution segments in order to achieve a balanced growth in power sector. It is heartening that there is some move towards correcting this lopsided investment pattern in the 12th plan.
What are the major challenges for the market?
India's power requirement over the years has largely been dominated by coal based generation, with close to 55per cent of the 182 GW of installed capacity being coal based power plants, accounting for over 80per cent of the total units generated in the country. However, more stringent rules and norms brought about recently by the MoEF over award of coal blocks have left many developers devoid of coal linkages. Even state Gencos are repeatedly under pressure due to lack of adequate and timely supply of fuel. The other challenges are slow economy growth, bottle-neck competitions, unclear guidelines, competition from International OEM.
Who are your immediate competitors?
We are in to manufacturing capabilities up to 765kV voltage class, so whoever is working in same voltage level products are our major competitors.
Who are your major clients in this field?
Presently we are supplying 765kV transformers and reactors to India's biggest central utility that is PGCIL. We are also participating in various tenders with customers of repute like NTPC, HVPNL, UPPTCL, GETCO, TNEB and various IPP's like Vedanta, Reliance, etc.
Do you see any impact due to slow economic growth?
Certainly yes, but we definitely see better and brighter future ahead for T & D business.
What are your plans for future growth in India?
We are coming up with Green Energy Park at Vadodara, Gujarat. This will be unique in terms of level of factory. With this factory our target is to cater the need of our customers. We are also in to EPC of Sub-Stations and our endeavor is to provide a basket of solution to our Indian customers. Do you have manufacturing units in India or you import the equipments? We are coming up with a world class manufacturing and testing set up for Power Transformers & Reactors at Vadodara, Gujarat. This factory will have testing capability up to 1200kV.
What are the important factors that will help the company to achieve the target?
We have the vision to achieve the target for this we already have more than 100 technical professionals in various important roles and responsibilities. We also have our regional set up at Delhi, Mumbai, Chennai and Kolkata to have more focus towards company's objective.
Any major development on behalf of the company that you would like to share with us.
A-10 Apart from our manufacturing set up for power transformers and reactors and EPC Substation business we are also in to treading business. This business vertical is taking care of various commodities like CRGO, Press Board, Bushings, and Insulating Oil, etc.
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