Alstom planning Smart Grid business in India

Alstom, the global leader in power generation, transport infrastructure, and transmission is planning Smart Grid equipment business in India.India's ambitious plan for renewable energy in the coming years, its insatiable energy needs for growth, and the smart grid adoption plan are the key factors for Alstom's plan to focus on Smart Grid equipment business in India. The company is exploring collaboration options with Schneider Electric for the same. While visiting India,Patrick Kron, chairman and CEO Alstom quoted, “As share of renewable power generation capacity increases in India, there is strong focus on network management. In coming years, there will be massive demand for grid optimization in India. We are currently talking to Schneider Electric to explore what we can do." Alstom and Schneider has complementary strengths as Alstom has expertise in high voltage power distribution and transmission whereas,  Schneider has in medium voltage echoed, Mr.Kron.

With 93,000 employees, €23 billion revenue, and presence in 70 countries, Alstom has strong focus in Smart grid segment. It smart grid solutions products are geared towards power electronics, control room information technology, and automation controls for bringing reliability and stability, integrating renewable energy, and improving high energy efficiency.The company is engaged in 13 Smart Grid pilots (3 finalized, 10 under negotiation) in leading Smart Grid countries and is also developing Smart Grid partner ecosystems with complimentary strengths.

Source : Financial Express