Business News

Power transformers market expected to grow considerably by 2020

The global power transformer market is expected to increase from 10.3 billion in 2013 to 19.7 billion in 2020, at a CAGR of 9.6% due to emerging countries' extensive power plant capacity additions, economic growth and the need to improve access to electricity, forecasts the report at http://www.rnrmarketresearch.com/power-transformers-market-for-power-industry-2013-update-global-market-size-equipment-market-share-key-country-analysis-to-2020-market-report.html.

Illegal power lines threaten lives

It has been reported in The Daily Star Bangladesh that a syndicate of corrupt contractors and employees of Power Development Board (PDB) in the Tangail district are engaged in setting up illegal electricity lines with unauthorised and low quality materials, risking people's lives potentially causing accidents.

Predictive maintenance of transformers to be undertaken by Bescom

The Bangalore Electricity Supply Company (Bescom) is looking to rectify transformer failure - the oft-cited reason for interruptions in power supply. A project called 'predictive maintenance' undertaken by Bescom along with a private company will enable the power utility to know the actual condition of a transformer before a failure occurs.

Bihar distributes 2000MW in modernisation success

Bihar state is drawing more than 2,000 MW consistently, due to modernisation of the power sector. Until couple of years ago, these kind of results were unimaginable in Bihar but the state goverment's efforts to upgrade the power distribution in the past eight years have finally started to pay off.

New transformers for Clorinda and Las Lomitas in Argentina

The Ministry of Economy in Argentina has completed the signing of the contract for the supply, transportation, installation supervision and assistance to the commissioning of new power transformers in Clorinda and Las Lomitas, Argentina.

APDCL fences off transformers

The Assam Power Distribution Company Limited (APDCL) has started fencing off 261 transformers and taking other safety measures on 23rd October 2013. in Guwahati to prevent any electrical accidents and ensure public safety, according to The Telegraph, Calcutta, India.

Alstom to supply transformers for Nabinagar Power Generating Company Ltd

As a part of (NPGCL[1]) coal-fueled Super Thermal Power Project located in Bihar, India, Alstom T&D India will supply a power transformer package for Nabinagar Power Generating Company Limited in India by October 2017. The project has been set up to accelerate the pace of thermal capacity addition in the country.

Global Power Transformers Market is expected to reach USD 28.69 billion by 2019

Transparency Market Research published new market report “Power Transformers Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019," in which the market was valued at USD 17.12 billion in 2012, which is expected to reach USD 28.69 billion by 2019, growing at a CAGR of 7.7% from 2013 to 2019. In terms of volume, the demand for power transformers was 10,474 units in 2012, and is expected to reach 17,283 units by 2019, growing at a CAGR of 7.5% from 2013 to 2019.

ABB wins offshore wind connection project from TenneT

According to their press release, ABB, has won a significant project from the Dutch-German transmission system operator TenneT to supply an AC power transmission link connecting Sandbank, an offshore wind farm in the German North Sea, to the HVDC converter station SylWin alpha.

UP Power Transmission Corporation Ltd to upgrade substation power

The Uttar Pradesh Power Transmission Corporation is expected to start the upgrade of the substation in Gautam Budh Nagar, where the transformer capacity is currently only 400KV. The installation of the 500MVA transformer at the Pali substation is expected to start within a fortnight, writes The Times of India.