Business View - February 2015 13
India’s central government has responded with bil-
lions of dollars in promised funding for smart grid
infrastructure. In November 2014, Prime Minister
Modi announced $4 billion in funding for smart me-
tering programs. Additionally, more than $8 billion is
available for loss reduction programs and dozens of
projects are now underway across India’s 29 states.
Northeast Group’s study analyzes the complex regu-
latory frameworks and industry structures across the
states.
“India’s electricity demand growth is set to exceed 7
percent per year over the next decade,” Gardner said.
“In addition to smart metering, current pilot projects
focus on distribution automation and wide area mea-
surement, as well as home energy management and
IT. Overall power sector investment will include add-
ing 43 million new electricity connections and nearly 3
million kilometers of new circuits.”
For international vendors – largely closed out of the
China market – India represents the largest long-term
smart grid opportunity in the world. International ven-
dors will compete against leading Indian vendors Se-
cure, Genus, HPL, Larsen&Toubro, Avantha, Reliance
and others.
Northeast Group’s 225-page study “India Smart Grid:
Market Forecast 2015 – 2025” includes 135 tables
and graphics and 10-year forecasts for fourteen smart
grid market segments. It analyzes the industry struc-
ture and regulatory framework for the power sector at
the central level and across 12 leading states, as well
as profiles of key vendors.
