GE Power India plans to invest in and expand its products and services portfolio in India over the next 2-3 years and will also use its manufacturing units for exporting to other countries, top executives told ET. GE was among the companies that set up manufacturing units for key components like the boilers and turbine generators for coal-based power generation units.<\/p>\n
But since then, the market for coalbased units has been shrinking globally due to emission concerns, while the sector in India has been badly hit by the poor financial health of power distribution companies (discoms) and mounting debt of power generators.<\/p>\n
\u201cThe coal market for sure is not growing but decreasing; nevertheless, there is an opportunity for us as plants need to upgrade to different environmental specifications. Half of our sales come from services and we are growing this part of the business and providing solutions for improving efficiency of the power plant and reduce emissions,\u201d Kevin Cogo, general manager (rotating equipment for steam power systems), GE, told ET.<\/p>\n
Responding to the changing market, GE Power India aims to add new offering in its portfolio at its Sanand unit in Gujarat for nuclear power turbines and generators, industrial applications, reverse engineering, and beef up its operations and maintenance (O&M) services. The Sanand facility, which was set up with an investment of $200 million, currently has its capacity fully utilised but going ahead it will also service the parent company\u2019s international orders. The company is in talks with generators like Adani Power and Jindal Power to provide services for their projects.<\/p>\n
\u201cFossil was on backburner due to stressed assets and projects not materialising. Hopefully, that will change now. The government\u2019s policy on cutting emissions from fossil fuel-based plants was a big positive for us; in that segment, we have a 27% share and 25 gigawatts of emission projects,\u201d said Prashant Jain, managing director of GE Power\u2019s India operations.<\/p>\n
Indian government\u2019s policy for cutting emissions have come as a shot in the arm for thermal power equipment makers like GE, and Larsen & Toubro as orders for new units had dried up.<\/p>\n
Jain said that he has a positive outlook on the thermal power sector in India despite the challenges as the country will have to add capacity as only renewable energy can\u2019t provide continuous and consistent electricity. India depends on its coal-based capacity of 196.3 gigawatts for its power needs, despite the accelerated growth in renewable energy capacity.<\/p>\n
\u201cThe one good thing that has happened is that now there is a positive message around fossil fuel from the government, for the first time in over five year,\u201d Jain said.<\/p>\n","protected":false},"excerpt":{"rendered":"
GE Power India plans to invest in and expand its products and services portfolio in India over the next 2-3 years and will also use its manufacturing units for exporting to other countries, top executives told ET. GE was among the companies that set up manufacturing units for key components like the boilers and turbine generators for coal-based power generation units. But since then, the market for coalbased units has been shrinking globally due to emission concerns, while the sector in India has been badly hit by the poor financial health of power distribution companies (discoms) and mounting debt of […]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[132],"tags":[],"class_list":["post-294267","post","type-post","status-publish","format-standard","hentry","category-power"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294267","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=294267"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/294267\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=294267"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=294267"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=294267"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}