Saturday, July 27, 2024
2024 banners [roshan]

IEEMA T&D Conclave focused on technologies to provide smart electrical solutions

Subscribe to YouTube Channel

Subscribe to Mojo4Industry YouTube Channel and get Latest Industry Updates. Do press Bell Icon to get automated notifications whenever new video is uploaded.

Must Read

LANXESS India wins Golden Peacock HR Excellence Award

LANXESS India wins Golden Peacock HR Excellence Award Specialty chemicals company LANXESS India won the prestigious Golden Peacock HR Excellence...

Cabinet approves revamped distribution sector scheme; announces Rs. 3.03 lakh Cr outlay

Cabinet approves revamped distribution sector scheme; announces Rs. 3.03 lakh Cr outlay Union Cabinet chaired by Prime Minister Narendra Modi...

Financing for development tech new businesses hits seven-year high

Financing for development tech new businesses hits seven-year high Interests in development tech new companies in India hit record-significant levels...

IEEMA T&D Conclave focused on technologies to provide smart electrical solutions

Distribution sector is a vital link in the power sector value chain as it completes the revenue cycle. Unfortunately, this is the weakest link in the power sector in India. This not only has had an effect on the financial health of the distribution utilities, but has also widened the demand-supply gap further.

Indian Electrical and Electronics Manufacturers Association (IEEMA) hosted its 14th edition of T&D Conclave in New Delhi to discuss the issues and road ahead for power T&D sector.

Vipul Ray, President, IEEMA said, “The industry is focusing on the implementation of smart technologies like an evolved grid system, smart meters, digital asset management that will help transform the seemingly traditional, manpower-heavy sector into a smarter, more efficient power system with each element in the value chain re-imagining their processes and streamlining infrastructure.”

Rajeev Dalela, Chairman, IEEMA T&D Division said, “With the increased support of Government and improved economics, the sector has become attractive for the investors. As India looks to meet its energy demand on its own, renewable energy and EV segment is set to play an important role.”

Vinayak Chatterjee,  Chairman, Confederation of Indian Industry’s (CII) National Task Force on Infrastructure Projects and Co-Founder, Feedback Infrastructure Services Pvt Ltd opined, “The government has given a massive push to the infrastructure sector by allocating Rs. 233,083 crore to enhance the transport infrastructure. The government expanded the National Infrastructure Pipeline (NIP) to 7,400 projects.  217 projects worth Rs. 1.10 lakh crore were completed as of 2020. Through the NIP, the government invested US$ 1.4 trillion in infrastructure development.”

A panel discussion was also held Discussion on Distribution Reforms – Challenges and Opportunities where Vishal Kapoor, Joint Secretary, Ministry of Power expressed his views stating that, “Over the years, the government has launched several initiatives for a better distribution system. Schemes like Saubhagya, DDUGJY and IPDS have been a few successful schemes which has led to significant improvement in the way discoms are performing. Now discoms need to focus to increase their operational efficiency and become more customer centric.  With all these schemes in place we aim to bring down AT&C losses from 21% to 12-15% in the next 4 years.”

Subscribe to our Newsletter

Keep up with the latest industry news in India and around the world by subscribing to our industrial news update. This way, you'll always be in the know about what's happening in your industry, and you can stay ahead of the competition.

banner ads v1 2 650x80
mojo4industry on google news

Tech Talks

00:08:46

Delta Electronics India eyes semiconductor industry

Delta Electronics India eyes semiconductor industry India's semiconductor industry is on a trajectory of significant growth, driven by strategic government...
mojo4industry podcast episodes click here to listen