Hitachi Energy wins ~INR 160 cr order from MP Power Transmission Package-II Limited to modernize the Madhya Pradesh power grid – EQ Mag Pro
The grid connections will help make the state’s power grid more sustainable, flexible, and secure.
Bangalore : Hitachi Energy India Ltd. has won an order worth about INR 160 crore from MP Power Transmission Package-II Limited, a project-specific business to strengthen the transmission system in the rural area of Madhya Pradesh to increase capacity and improve reliability of the power infrastructure in the region. The order was booked in the January to March quarter.
The order for nine grid connections will strengthen a power transmission network spanning more than 1,000 kilometers of overhead lines across nine rural districts of Madhya Pradesh. The state has increased its momentum to reach a target of 12 GW of renewable energy generation capacity by 2025 – through utility-scale solar, wind and hybrid installations as well as rooftop solar.
“As more people get connected to the grid, electricity will form the backbone of the entire energy system, driven by a higher share of renewable energy” said N Venu, Managing Director and CEO, Hitachi Energy India Ltd.” Reliable transmission and digitalization of the power network will be crucial to ensure a sustainable energy future
“Through these projects, we are pleased to be regarded as a trusted partner of choice to advance a sustainable energy transition. At Hitachi Energy we are committed to the accelerated electrification, digitalization and decarbonization of the world’s energy systems,” he added.
Hitachi Energy is the world’s leading provider of grid connections and power quality solutions, with an installed base of more than 10,000 projects worldwide, over 800 of which connect renewable energy sources to the grid
About Hitachi Energy Ltd.
Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.
In India Hitachi Energy operates under the legal entity name Hitachi Energy India Limited (formerly known as ABB Power Products and Systems India Limited) and is listed on the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) as POWERINDIA, Scrip code 543187.
About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, contributes to a sustainable society with a higher quality of life by driving innovation through data and technology as the Social Innovation Business. Hitachi is focused on strengthening its contribution to the Environment, the Resilience of business and social infrastructure as well as comprehensive programs to enhance Security & Safety. Hitachi resolves the issues faced by customers and society across six domains: IT, Energy, Mobility, Industry, Smart Life and Automotive Systems through its proprietary Lumada solutions. The company’s consolidated revenues for fiscal year 2020 (ended March 31, 2021) totaled 8,729.1 billion yen ($78.6 billion), with 871 consolidated subsidiaries and approximately 350,000 employees worldwide.
