Indian power industry has registered 15.5 per cent growth during April-December 2005. This was declared by Indian Electrical and Electronics Manufacturers' Association on Tuesday.
The industry experienced growth in areas such as transmission lines, switchgears and capacitors. Transmission lines showed a growth rate of 44 per cent and for switchgears it was 20.72 per cent.
At the same time the industry has seen a shift in its domestic and exports sales ratio with the domestic sales accounting for almost 75 per cent of the total sales.
The decisions taken by the Ministry of Power in the last five years are facilitating the growth of the industry. "Bodies such as National Thermal Power Station are in talks with the industry. We have decided to make the industry proactive as power is now a key issue for all," said Ajay Dhagat, president, IEEMA.
The growth for transformer sector was 10.5 per cent in the first quarter, but the average growth for the three quarters was 6.93 per cent.
"Problem of cold-rolled grain oriented silicon steel continues, which is affecting the production of the transformers. "The prices of the major raw materials such as copper and steel are getting volatile, which is affecting the industry," said Dhagat.
"Overall the picture is good for the last two years. We are sure of growth as power is must for maintaining a GDP of 9 per cent," said Dhagat.
Adding up the 10th and 11th plan there has to be an additional power generation of 100,000 MW by 2012. This will surely boost the industry.
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