Friday, 14 October 2016

Renewable Energy Can Provide Supply to Increasing Power Demand in India

Power is the most vital input for the growth of any economy. Therefore, it is considered as a core industry as it facilitates development across various sectors, such as manufacturing, agriculture, commercial, industrial, educational, railways etc. Today's, modern culture always demanding for electrical energy. And day by day, the uses of electricity increases more and more. So meet this high power of demand there is need to generate more power. The only option is to meet the demand by increasing generation but, we are also lagging with the conventional sources so generating more power is also not convenient by convention ways. We will knows, the most of power plants are conventional. It is polluting earth’s atmosphere and the source of this conventional fuels are limited.  Therefore we must have to turn at non-conventional power source.  

India is the third largest producer of electricity in the world. India’s installed capacity stood at 288 GW as of 31-Jan-2016. The total generation has been recorded as 97.25 billion units as per CEA report on India Power Sector till Jan-16.

India posses a very large solar and wind energy potential which is seen as the huge energy resources for the future. India is endowed with abundant solar energy due to its convenient location near the equator. The solar power is going more popular because it is very simple to install and it can be located anywhere at sun rays easily available. It gives direct electrical power from sun rays. So it is very easy to use for ordinary people. Electricity generation from renewable sources will need to increase significantly to achieve the Sustainable Energy for all. The main consideration is the cost of solar power system and storage it. The position of the sun changes throughout the day and so changes the intensity of light falling on the fixed solar panels. Renewable energy is fact emerging as a major source of power in India. In a climate change conference as Paris in India, Indian PM expressed strong inclination towards solar energy. By 2030, India will reduce emission by 35% of 2005 levels, and 40% of its installed capacity will be from non-fossil fuels, he highlighted. Currently, India has a capacity of 4.8 GW solar power generation and a target of adding 100 GW solar power by 2022 has been set.

Renewable generation has the benefit of enhancing sustainability, reducing green house gas, reducing dependence on local or imported fossil fuels and increasing energy security  through diversification of energy sources.    

Although, the gap between power demand and generation has significantly reduced energy conversion in all sectors in the need of the hour. This case study focuses on the aspects of energy conservation in a sub-station by firstly reducing the consumption by replacing convention lights with more efficient LED lights. Secondly, the option of powering part sub-station load through clean solar energy is also evaluated. This meets multiple objectives including economics as well as environmental benefits for sustainable growth in line with the goals set at national level. 

Tuesday, 12 July 2016

How Electrical Industries Changes and Its Impact on Market

Electricity is all around us. Without electricity, industrial activities, communications and services come to a halt. India’s electrical equipment industry is highly diverse and manufactures a wide range of high and low technology products. Power and electrical sector development programme in India has now gained momentum. It is very necessary that sufficient and quality electrical energy is made available to consumers at affordable price that energise their lives. Now a day’s electrical goods have become a necessity and have a strong place in human life. The contribution of Indian Electrical industry to the country's GDP has been quite substantial and the industry offers varied opportunities for manufacturing. The domestic electrical industry is expected to witness excess manufacturing capacities across generation, transmission and distribution segments. A low rate of inflation is eagerly looking forward to some good measures of investment.

Over the past 60 years or so, India has taken rapid actions in the development of the power and energy sector both in terms of enhancing power generation to widely distributed geographical boundaries. India became the third largest producer of electricity in the year 2013 with 4.8% global share in electricity generation. India has failed to meet its power sector targets by a significant margin and with tremendous opportunities ahead; this sector continues to be affect by the shortfall both on generation as well as transmission side. There are various proposals in power generation and transmission lines are currently under different implementation stages. However, the power sector in India has been plagued with a set of problem for meeting the planned targets and achievements. The major indicator of a poor track record is the inability or inefficiency to meet targets on the power generation capacity additions. The main reasons for slippage of power are slow progress of Poor Geology, Civil works, Flash Flood, Local agitation, Shortage of Manpower, Law and Order problem, and difficult site conditions etc. Equipment shortages have been a significant reason to missing its capacity addition targets for the 10th five year plan for India.

There are lots of changes required to implement power sector policy in India. As India has not witnessed such a large scale of implementation before, there is a need to review project execution capabilities to help ensure targets are met.

There are lots of opportunities available in electrical industries. Due to constant innovation and advancement in technology Electrical industries has been boosted in a bigger way thus leading to increase in production capacity, automization, improvement in quality and durability of products and so on. Development in technology has lead to enhancement in life style of common people by making durable and long lasting products available to them thus sufficing their daily needs and requirements. Electrical industrial revolution has facilitated improvement in infrastructure which subsequently has lead to employment generation which thus contributing in declining the unemployment ratio and improving quality of life of common people.

Market scenario on before E-commerce –

  ü Through traditional business org.     had  restriction w.r.t. geographical reach and      penetration.

   ü Market size and potential was confined and  limited to specific geographical area only.

  ü Local brand preference, awareness and    availability were key aspects leading to    success of business.

ü    Organization used to exploit common people on the basis of limited access and availability of selective brands and products in their respective geographical area.

ü     Since there were geographical constraint organization were confined to a limited set of target customers through which only they had the opportunity to earn profit and run their business.

·    Impact of E-Commerce revolution on Electrical Industries & Consumers –

The Online Electrical Shopping India industry continues to envolve and experience high growth in both developed and developing markets. Increasing internet and mobile penetration, m-commerce sales, advanced shipping and payment options, exciting discounts, and the push into new international markets by e-businesses are the major drivers of this unprecedented growth. Now Electrical Accessories Online Shopping is become easier. The big retailers are increasingly focusing on their digital strategies in order to gain the obvious benefits of online platforms – wider reach, always on, personalization to name a few. Big players in this space claim to have more than 50% of their revenue coming from mobile apps. The global e-commerce market is more advanced in terms of technology, awareness, and payment systems.

E-commerce facilitates consumer/individuals to update themselves about online electrical gadgets and appliances which have become a part of their daily life. It gives them their liberty and opportunity to compare products/ categories of different brands simultaneously without moving out of their house. It gives a platform to select Branded Items & Accessories Online order which suits them the best in all aspects and suffices their need to the best possible extent.

E-commerce or Online Electrical Store revolution has transpired the business model of electrical industries were by bulk buyers have the opportunity and facility to inquire online for their huge quantity requirements thus enabling them to have a single point of contact and supplier instead of searching and managing large number of vendors for their various electrical requirements. Thus it becomes easy for them to identify compare and select the best suitable brand and product under one roof which would suffices their requirement to best possible extent.