Monday, October 3, 2011

ZTE Corp plans to enter in Indian Smart Grid Market

Chinese telecom major ZTE corp recently announced they will be providing range of Smart Grid solutions to address the needs of  power sector in India. It is well know fact that India has acute shortage of power, there are more than 100,000 + villages yet to be electrified, furthermore, brown-out & black-outs are common and T & D losses are high. To address this issues, Government has taken series of measures, one among them is implementation of Smart Grid technologies. Which represent huge market opportunities for both Indian as well as foreign companies. The Smart grid solution market in India is set to reach $10 billion in next 5 years.

ZTE corp is in advance negotiation with Power Grid Corporation India (PGCIL) to offer its range of Smart Grid solutions. The second largest Chinese telecom equipment maker plans to offer end-to-end smart gird solutions like smart meters, transmission networks, cloud computing solutions, video conferencing, video surveillance, along with next generation contact center, which will enhance power efficiency. "The demand for power in India is far outstripping supply and a significant percentage of power generated is lost during transmission due to which power generation & distribution companies are focusing on adopting efficiency enhancement solutions," ZTE India CEO Cui Liangjun said. The company headquartered in Shenzhen, China, has entered in partnership with system integrators and infrastructure vendors like Dongfang Electronics and TCIL to jointly offer this solution to power distribution and power generation companies.

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