Domestic transmission and distribution companies need to tap global opportunities to increase exports from the current USD 5 billion to USD 25 billion in the next five years, a World Bank official said.
"Indian transmission and distribution industry should look for opportunities globally to enhance exports from USD 5 billion to USD 25 billion in the next five years in power generation, transmission and distribution," World Bank Director (Department of Sustainable Energy) Subramaniam V Iyer said.
Speaking at an event organised by the Indian Electrical and Electronics Manufacturers' Association here, Iyer said this growth potential should be seen with the perspective of the huge untapped demand for power.
"Globally 1.2 billion people still do not get power, and India occupies a prime place as around 300 million people are not getting any power. So one can understand the need for the resources and efforts to reach out to the deprived lot."
According to the International Energy Agency, demand for energy is going to grow exponentially but the transmission and distribution losses will also grow in a big way unless the T&D equipment makers improve their efficiency.
"There was a concern about the climate change, and reduction of carbon footprint should be a major focus area for the generation and transmission equipment makers," Iyer added.
IEEMA President Raj Eswaran said frugal engineering and innovation help cope with business cycles in the global electricity sector, and manufacturers should embrace upcoming technologies.
