India is the world’s third-largest producer and third-largest consumer of electricity. The national electric grid in India has an installed capacity of 370.106 GW as of 31 March 2020. Renewable power plants, which also include large hydroelectric plants, constitute 35.86% of India’s total installed capacity. Find below the list of the top power transmission and power distribution companies in India.
Energy Sector In India
The Energy Sector in India is experiencing tremendous growth, the Electricity generation capacity is growing at a CAGR of around 6% whereas the growth in Transmission and Distribution sector is growing at 5.5% over the past few years. The 12th five-year plan emphasizes developing all major components of the Power Supply Value Chain through Integrated Power Development Program.
Recently, the Power Grid Corporation of India has approved investment proposals worth INR 33 billion. The investments made are mainly directed towards the development of Ultra Mega Solar Power Projects along with investments in Transmission and Distribution systems and equipment.
The investment opportunities will be USD 300 billion in power generation, USD 110 billion in transmission, and around USD 190 billion in the Distribution sector. Power Grid along with other public sector and private sector players plans to grab these investment opportunities.
The Indian power sector is undergoing a significant change that has redefined the industry outlook. Sustained economic growth continues to drive electricity demand in India. The Government of India’s focus on attaining ‘Power for all’ has accelerated capacity addition in the country. At the same time, the competitive intensity is increasing at both the market and supply sides (fuel, logistics, finances, and manpower).
Wind energy is estimated to contribute 60 GW, followed by solar power at 100 GW by 2022 and 15GW from biomass and hydropower. The target for renewable energy has been increased to 175 GW by 2022.
The total installed capacity of power stations in India stood at 368.68 Gigawatt (GW) as of January 2020. Electricity production reached 1,050.78 BU in FY20 (up to January 2020).
India is also focusing on the use of alternative energy resources like nuclear and solar energy for power generation, which is expected to further boost transformer deployments in the country in the coming years.
The natural resources for electricity generation in India are unevenly dispersed and concentrated in a few pockets. Hydro resources are located in the Himalayan foothills, North Eastern Region (NER).
Coal reserves are concentrated in Jharkhand, Odisha, West Bengal, Chhattisgarh, parts of Madhya Pradesh, whereas lignite is located in Tamil Nadu and Gujarat. Also, a lot of power stations, generating from Gas and renewable energy sources like Solar, Wind, etc. have been installed in various parts of the country.
List of the Top Power Transmission and Power Distribution Companies in India
We have compiled the list of best companies from the Power transmission and distribution (T&D) sector. considering the above data, we find these companies have a lot of potentials to grow in the near future.
Below is the list of the power transmission and power distribution companies in India, some of these companies are also power generation companies in India
Few of these companies are PSU and some of them are also listed on Indian stock markets. A lot of employment opportunities will be available into all these companies which we have listed here. Please go through their websites to learn more about their current job requirements. We will keep on adding more potential companies here.