How power will power Maharashtra’s growth?
Maharashtra, one of India’s most progressive states, owes much of its economic and financial prosperity to its robust power sector. The state contributes 15% to the nation’s GDP and is set to become India’s first trillion-dollar state economy by 2025. The state government’s dedication to boosting industrial output, massive investments in public infrastructure upgrades, and an increased focus on the agriculture and services sectors highlight the necessity for a reliable and uninterrupted power supply.
This report provides critical insights from leading voices in the Indian electrical and power sectors on the pivotal role of the power sector in achieving these ambitious growth targets. Discover how the electrical equipment industry is gearing up to support Maharashtra in attaining its growth goals.
Exploring New Frontiers in Power Generation
Avinash Nimbalkar, Director Projects (I/C), MSETCL, emphasized Maharashtra’s pivotal role in the power sector. “Maharashtra is the backbone of the power sector. Our Maharashtra State Executive Board, now known as MSETCL, MSEDCL, and MSPGCL, plays a major role in power development. We’re advancing with new trends in solar energy, including floating solar plants. In distribution, we’re adopting smart meters and implementing the Revamped Distribution Sector Scheme (RDSS). The Mukhyamantri Saur Krishi Vahini Yojana (MSKVY) aims to inject 9500 megawatts into the system, reducing transmission line loading and effectively lowering losses,” he explained.
Economic Growth and Energy Needs
Shreegopal Kabra, Managing Director & Group President, RR Global, highlighted Maharashtra’s economic significance. “Maharashtra became the first state to reach a half-trillion-dollar economy and aims to become a trillion-dollar economy. As the economy grows, power becomes essential. Maharashtra is spearheading growth, as aptly highlighted by Vishwas Pathak. As the state tackles emerging challenges, it is poised to transform its energy landscape and shift from incurring losses to achieving efficiency. As residents of Mumbai, we have been fortunate to consistently enjoy an uninterrupted power supply, a testament to the city’s infrastructure and Maharashtra’s commitment to progress. Maharashtra is a priority market for us, second only to Gujarat. The state’s proactive approach to new issues promises a transformative impact on energy and economic stability,” he said.
Transitioning to a Sustainable Future
Shashank S Jewalikar, Chief Engineer, MSETCL, discussed the state’s comprehensive energy transition plan. “We have planned a significant energy transition to accommodate renewables and provide sustainable power. Our energy transition plan has been meticulously developed, with a focus on transmission infrastructure. Moreover, I am pleased to acknowledge that the three state government entities – MSEDCL, MSETCL, and MSPGCL – have collectively devised a comprehensive plan, envisioning a 2030 horizon, to integrate increasing amounts of green power and ensure a sustainable transition. This coordinated effort aims to deliver reliable and clean energy to the people of Maharashtra, propelling the state towards a greener future. Key drivers include environmental impact, technological advancements, and data adoption. The data generated at each grid point is vital for future planning and grid operation insights,” he noted.
Leveraging Technology for Quality Supply
Kanderp Khandwala, CMD, Axis Electrical Components, stressed the importance of improving grid quality. “Maharashtra is moving towards a trillion-dollar economy, with power being a major input. Central government schemes like APDRP, SAUBHAGYA, and RDSS are crucial. The focus is on leveraging technology to improve supply quality and reduce AT&C losses. The electrical industry is growing rapidly, and Maharashtra must prioritize promoting local industries to combat spurious, cheap quality imports,” he advised.
Strategic Reforms and Asset Management
Sanjay Kulkarni, Vice Chairman, IEEMA WRC, outlined the strategic reforms in Maharashtra’s power sector. “This conclave is crucial as Maharashtra leads in energy production, distribution, and transmission. In terms of generation and transmission, we are making significant strides on the transmission side through our asset management and indexing initiatives. This large-scale project aims to assess the health and performance of our substation assets. Meanwhile, the distribution segment plays a vital role in delivering power to the end consumer, making it a crucial aspect of the energy supply chain. As we convene this conclave, our objective is to share industry insights and facilitate a comprehensive understanding of the sector’s vision and its interconnected elements among our esteemed delegates,” he explained.
Incorporating Diverse Energy Sources
Shardul Kulkarni, MD & CEO, Deesha Power Solutions, highlighted the need for diverse energy sources. “To achieve a modest growth rate of 4%, we require a diverse and reliable energy mix, accessible 24/7. Affordability and accessibility are crucial factors in ensuring our energy needs are met, whether through traditional power sources, renewable energy, or innovative alternatives like hydrogen. Hydrogen is poised to play a significant role in Maharashtra’s and India’s energy landscape, with existing demand from industries like semiconductors, pharmaceuticals, and petrochemicals. As we transition towards cleaner energy sources, green hydrogen will become an increasingly important fuel source, particularly in hard-to-abate sectors like steel and mobility. The Government of Maharashtra’s hydrogen policy is a commendable step forward, offering incentives for capital expenditures, storage, distribution, and subsidies. While this is a promising start, we must continue to drive progress through smaller-scale projects in state bodies, educational institutions, and industrial settings to fully harness the potential of hydrogen energy,” he stated.
Innovative Developments in Power Infrastructure
Bharat Sehgal, Associate VP – Technical, Polycab India, discussed the technological advancements in power infrastructure. “There is a significant shift in product requirements, such as Covered Conductors, Aerial Bunched Cables, and high-voltage power cables. Polycab has been an integral partner of MSEDCL for a long time, contributing to Maharashtra’s infrastructure development,” he noted.
Supporting Sustainable Initiatives
Amit Kumar, BDM – India & SAARC, Midel & MIVOLT Fluids India, emphasized Maharashtra’s leadership in renewable energy. “Maharashtra’s progressive approach and strong techno-commercial decisions by the government and companies like Tata Power and Adani Power are driving significant renewable energy initiatives. We support these efforts with eco-friendly products to ensure sustainability and safety,” he said.
Conclusion
With strategic reforms, technological advancements, and a focus on renewables, Maharashtra is poised to lead India’s energy transition. The insights shared by industry leaders highlight the critical role of power in powering Maharashtra’s growth, ensuring a brighter, more sustainable future for the state.
Read this report now to stay updated on the power sector in Maharashtra!