Siemens showcased digital transformer (Sensformer®) and digital switchgear (Sensgear®) at Elecrama 2020.
Panasonic Life Solutions India, a wholly-owned subsidiary of Panasonic Life Solutions Company plans to invest more than Rs.600 crore in India. The initial investment of Rs.294.70 crore has been committed for setting up the electrical equipment material and wiring device manufacturing facility spread over 133,546 sqm at Sri City, Industrial Park, Andhra Pradesh.
Asian Infrastructure Investment Bank is considering a proposal to finance a power transmission and distribution upgrade programme in Assam, according to D.J. Pandia, Vice President and Chief Investment Officer, AIIB. Pandian was recently addressing a media briefing in Mumbai.
Schneider Electric, on November 11, 2019, opened its first Smart Distribution Centre in India. The Smart Distribution Centre, located in the commercial hub of Mumbai, has been digitally transformed with Schneider Electric’s EcoStruxure architecture to be more energy efficient and provide real time access to information right across the supply chain. Early results from this digitization initiative are showing expected energy savings of 10 to 12 per cent and an increase in logistics efficiency of 5 per cent at the site.
Grasim Industries Ltd, part of the Aditya Birla Group, has signed a definitive agreement to form a joint venture company (JVC) in India with Maschinenfabrik Reinhausen GmbH (MR) of Germany for the manufacturing and sale of composite hollow core insulators (CHCI) to serve the power transmission and distribution industry globally.
Energy Efficiency Services Ltd (EESL) and National Investment and Infrastructure Fund (NIIF) have announced a new joint venture, IntelliSmart Infrastructure Pvt Ltd (“IntelliSmart”), to implement, finance and operate the smart meter rollout program of power distribution companies.