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    Schneider Electric committed to Indian Smart Grid

    Schneider Electric

    Schneider Electric committed to Indian Smart Grid. Schneider Electric Infrastructure, part of the euro 24-billion French Schneider Electric Group, wants to remain focused on high-end power distribution equipment and solutions in India. The company sees an opportunity in the high transmission and distribution (T&D) losses in India.


    “A third of the energy in India is wasted in T&D losses,” Prakash Chandraker, vice-president and managing director of infrastructure business at Schneider Electric Infrastructure said. Chandraker refused to share or give any indication of the outlook on the company’s India revenues in the current year or its plan to add manpower in the country. He said the company’s interest was backed by government policies aimed at deploying smart-grid solutions to bring down losses. The company, in India for 50 years, is providing smart-grid solutions in Bihar, Kerala, Jammu and Kashmir and Odisha.


    The company supplies medium voltage switch gear and transformers apart from digitised substations, network automation systems and renewable integration systems. Schneider Electric employs 29,000 in 33 factories in India. Chandraker said the company had added enough capacity for expansion. “Most investment required for hardware has been done. We are investing in integration capabilities on the smart-grid side.” Chandraker said there were no constraints for growth “but some policy change is required for demand growth. We see there is potential to reduce losses by 10 to 15 per cent.” He added the company saw opportunity also because of the new government’s 10-point agenda that focused on energy.


    Source: Business Standard

    Posted on Saturday, June 7, 2014

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