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March 17, 2014

OPTCL to award smart grid project contract in India by June 2014

Odisha Power Transmission Corporation (OPTCL), a state-owned power utility in India, is expected to complete the process of awarding the contract for smart grid project, project in the Phailin-affected Ganjam district of the state, by June 2014.

Odisha Power Transmission Corporation (OPTCL), a state-owned power utility in India, is expected to complete the process of awarding the contract for smart grid project in the Phailin-affected Ganjam district by June 2014.

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According to the company, the tenders have been floated in two phases for the project, worth INR10bn.

The first tender for the proposed project was floated on 28 February 2014, while the second tender was released on 3 March 2014.

The Asian Development Bank will provide INR6.5bn funding for the project, while the remaining INR3.5bn fund will be sourced by the state government.

The project is set to be executed under the name Odisha Power Sector Emergency Assistance Project.

"The state government is also planning to execute a similar smart grid project in the capital city, Bhubaneshwar."

Odisha state energy secretary Pradeep Kumar Jena said, "The tenders were floated recently. We hope to award the contract within three to four months, probably by June."

Scope of the project includes the establishment of 33kV and 11kV gas insulated substations with supervising control and data acquisition facility.

The project also calls for the laying of a 54km underground power line of 132kV capacity, and 33kV and 11kV power lines of 300km.

In October 2013, the state was affected by the cyclonic storm Phailin that caused major damage to the entire power network system, including substations and cable networks in the Ganjam district.

The state government is also planning to execute a similar smart grid project in the capital city, Bhubaneshwar.

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How can hydrogen ride the sustainability wave?

The Hydrogen market is expected to expand significantly in the next few years – GlobalData has tracked more than 43.6 mtpa of total active and upcoming low carbon hydrogen production capacity (green and blue hydrogen). As the industry develops and the cost of producing hydrogen drops, demand is expected to increase significantly. As a result, countries across the world are announcing much needed supporting policy framework for hydrogen. While refining and ammonia production have traditionally been the key consumer sectors for hydrogen, new uses such as transport and energy storage are set to influence the market. While green hydrogen presently has a small share in the overall production mix, it is poised to increase given the ambitious targets announced by various countries. GlobalData’s report provides insights into key issues in the emerging hydrogen space, such as:
  • Hydrogen value chain
  • Demand drivers
  • Key application areas
  • Technology trends
Read this report and formulate winning strategies for your business.
by GlobalData
Enter your details here to receive your free Report.

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