ABB eyes India"as a potential market for microgrid solutions

Image
Press Trust of India Vadodara
Last Updated : Apr 26 2018 | 6:55 PM IST

Switzerland-based power and automation technology group ABB is looking at India as a potential location"for its microgrid solutions"given the country's huge requirement"for electrification, and the government's push for renewable energy, a top executive said.

"We see India as a growth market as far as microgrid is concerned," Claudio Facchin, president of ABB's power grids division and member of the group executive committee told reporters today while inaugurating a microgrid solution at its Vadodara facility that will harness solar power and reduce its carbon footprint.

"In emerging markets, it's firstly about the access to electricity, and reducing certain fuel cost because today from India so many people are not electrified and they run on diesel," he added.

The company today also inaugurated a PowerTEC institute, a digital technology and knowledge"centre that will impart training and learning for current and future power technologies.

Facchin said the solar energy-driven microgrid at its Vadodara campus reinforces the company's commitment to clean energy.

"Growth demands power and access to clean, reliable electricity sits at the heart of India's economic development," he added.

The Vadodara facility is the company's largest plant in India, with over 3,000 employees and among ABB's biggest manufacturing hubs in the world.

According to Sanjeev Sharma, chief executive officer and managing director, ABB India, reliable ,resilient and cost-effective power supply through microgrids is key to achieve Make in India targets, speed up"industrial development and realise the vision of"24x7 power for all.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 26 2018 | 6:55 PM IST

Next Story