Pennant set to cater power sector demand

We are confident about catering to the anticipated demand from power sector with our wide range of product offerings customised for power plants.
Christopher Fernandes, Managing Director, Pennant Group
  Pennant, manufacturers of saturated steam and condensate recovery products for process industry and superheated steam applications for the power generation sector, began their expedition three decades ago in 1985 as a home-grown unit to meet the emerging demand for steam related products across industries.
Still power shortage in some partsAccording to the latest Load Generation Balance Report for the year 2016-17 published by the Central Electricity Authority has predicted surplus power of 1.1 per cent in terms of energy and 2.6 per cent in terms of peak. “Apart from this, few power projects that were stuck due to environmental clearances and approvals are also been cleared and are expected to commence operation this year. Also government’s thrust on promoting wind and solar energy stations will also provide the necessary boost to the overall power industries and allied sectors,” comments Christopher Fernandes, Managing Director, Pennant Group on power surplus.
“Though the report projects surplus power for most of the regions, however northern, eastern and north-eastern region are still expected to have a shortage of power,” he points out.
Changing the game with T&DIn his views with regards to who will be the game changer for this transformation Fernandes says, “One of the key reasons for this transformation has been the improvement in transmission network and overall increase in power generation on the back of improved availability of fuel.” The power deficit has witnessed a downward trend in the past couple of years due to steep rise in fresh generation capacity addition. According to the report, India has added in excess of 20,000MW of new generation capacity taking the overall installed capacity to over 3,00,000MW by the end of May 2016.
“Another major step has been the government’s push for implementing of UDAY a comprehensive power sector reform which aims to restructure the debt of discoms and turn them profitable by FY19. All these initiatives have been instrumental in bringing a transformational change in the power sector,” he adds.
Pennant’s contributing Briefing on the company’s contribution for this transformation Fernandes state, “With the long pending power projects getting a green signal from the government in-terms of approvals and clearances, plus government initiatives like UDAY will surely provide greater opportunities for companies like Pennant to be part of this transformation.”
Anticipating strong demand from the sector Fernandes is confident that the company can cater to the sector’s demand. He says, “The government’s thrust on power sector and many pending power projects getting a go-head, we anticipate a stronger demand from this sector. We are confident about catering to the anticipated demand from power sector .with our wide range of product offerings customised for power plants.”