What are some of the highlights of ELECRAMA 2020? How will it be different from previous editions?
Mr. Anil Saboo: ELECRAMA 2020 have major concurrent events like World Utility Summit, ETechnxt, RBSM, and DBSM, etc where exhibitors from more than 60 countries and visitors from more than 120 countries shall join. ELECRAMA shall provide more noticeable growth, increased exports in addition to new segments especially connecting our MSME units to Global Value Chains.
In this edition, we will be focusing on the entire energy spectrum along with Renewable Energy, Energy Storage, Automation, Digitalization, Industry4.0, IOT, AI, and Electric Transportation opportunities to expose the electrical industry to new technology innovations and disruptions with information to manage the transformation.
This year we also focus on Women Empowerment in the electrical sector. As per the study, in all developed countries women contribute more than 50 % of the overall workforce. And in the last 20 years, it is analyzed that In India the majority of the women are involved in the IT sector only. In order to increase the role of women in the Energy & Power sectors, we will provide a platform for them to discuss and share their experiences and learn from each other.
What are some of the new and emerging challenges for the grid?
Mr. Anil Saboo: Grid expansion over the next few years will be driven by the government’s ambitious plan to scale up renewable energy to 175 GW by 2022. To develop associated power evacuation infrastructure, Power Grid Corporation of India Limited along with state, utilities are implementing the Green Energy Corridor project.
The major emerging challenges for the grid are to adoption of Smart technology, investment in technology to make grids more reliable, automation in substations, innovative tower design, Digitization, technology evolution and up-gradation in infrastructure.
What are the most promising and emerging technologies which would be most relevant for meeting future grid requirements?
Mr. Anil Saboo: The most promising and emerging technology that meeting with future grid requirements is Artificial Intelligence, Blockchain, Industry 4.0, IoT and increasing grid reliability. New technologies, evolving customer preferences, and the changing competitive landscape are leading many power companies to explore new business models. Some models may help utilities to further enable the energy transition.
What is your outlook for the power sector in the next 4-5 years?
Mr. Anil Saboo: The power sector is one of the most critical components of infrastructure crucial for the economic growth and welfare of nations. The power sector is aiming export to grow by 400 % in the next 5 years to reach the 5 trillion dollar economy by 2024. With the installed power generating capacity of 3,65,048 MW as of October 2019, India has emerged as the world’s third-largest electricity producer & consumer.
India’s SME sector has been one of the primary drivers to boost the economy. The sector’s contribution to the country’s GDP is expected to increase to 22% in 2020. And As per World Energy Council, 50 % investment in energy shall be done in ASIA till 2030. India has the potential to increase exports of electrical equipment’s in the world market as well as innovate new technology for the energy transition in the next 5-10 years.
