After a seven-year lull, the electrical equipment industry has bounced back with a double-digit growth in FY18, a release by industry body IEEMA suggests.
There is scope to enhance the magnitude of the “Medium Term PPA Scheme” recently announced by the Union power ministry, according to Rajeev Sharma, Chairman & Managing Director, Power Finance Corporation Ltd. He was addressing the media at a recent press conference in Mumbai.
Indian Railways has been able to significantly cut its power procurement costs, thanks to the helpful intervention of RITES Ltd, a Central PSU under the ministry of railways. Addressing the media at a recent press conference in Mumbai, Rajeev Mehrotra, Chairman & Managing Director of RITES Ltd said that a complete study by a group of technical personnel from RITES Ltd was done to assess load requirement at various traction substations (TSS) of Indian Railways.
In next three years electricity metering will go smart prepaid, obviating the need for electricity bills reaching the consumer. So need of the hour is to scale up manufacturing of smart prepaid meters and to bring down their prices, according R K Singh, Minister of state (in-charge) for power and new & renewable energy. Singh was addressing a meeting of meter manufacturers called by the power ministry on June 7, 2018.
Indian Electrical and Electronics Manufacturers’ Association (IEEMA) has created a North East Cell as a nodal point to monitor the supply of equipment and material to various discoms in the region. IEEMA has included its senior officers at Guwahati, Kolkata and New Delhi to effectively facilitate the North East Cell. The aim of the cell is to facilitate 100 per cent household electrification on fast track in the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Tripura and Sikkim.
A web portal and an app namely PRAAPTI (Payment Ratification And Analysis in Power procurement for bringing Transparency in Invoicing of generators), www.praapti.in, was officially launched on May 29, 2018, by R.K. Singh, Minister of State (Independent Charge) for Power.
Power distribution utility BSES Rajdhani Power Ltd (BRPL) has launched a limited-period ‘Air Conditioner Replacement Scheme’ in partnership with leading air-conditioner manufacturers. It will enable consumers, residing in South and West Delhi, to exchange their old ACs with the new energy efficient rated 5-star rated ACs at a substantial discount of up to 47 per cent.
The Railway Business of KEC International has dominated the company’s new order inflows during the ongoing FY19, up to May 14, 2018. Out of the total order inflow of Rs.1,392 crore during the said period, overhead railway electrification works and associated civil works accounted for Rs.928 crore, or 67 per cent.