Alstom T&D India, an arm of French firm Alstom, today said it is eyeing new business opportunities of close to Rs 15,000 crore in the power transmission space in India in the next 3-4 years.
"A series of projects is coming up and they will require several SVCs, PMUs (grip components) in different parts of India and we at Alstom are more than ready to do it," Rathin Basu, President and Managing Director of Alstom T&D India, told reporters here.
Grid security technology is another great opportunity coming up in the next 3-4 years, Basu said.
Static Var Compensators (SVCs), 1700 Phasor Measurement Unit (PMUs) are used in electricity transmission grids.
He said 30 SVCs and 1,700 PMUs would be required by March 2017 for transmission network strengthening in the country .
Government has already started the tendering process for for SVCs which is a Rs 3,000-4,500 crore business opportunity, he said, adding in the PMUs technology space the opportunity is close to Rs 6,000 crore.
"These devices will make the grid more secure and protected," Basu said.
In the area of providing technology for grid security the potential is about Rs 3,000-4,000 crore, he added.
Basu said: "We have set up factories, we have technical manpower and we can deliver such projects."
Alstom T&D India's share in the transmission equipment and EPC market has risen to 19 per cent from 13.5 per cent in 2007, the company said.
The company's turnover 2012-13 stood at Rs 3,150 crore. The company is investing Rs 100 crore this year for expansion of its Vadodra (Gujarat) facility.
Basu also said that the government's initiative of restructuring the loans of power distribution companies should happen quickly and will benefit his company.
As per the plan, state governments will take more than 50 per cent of the outstanding short-term liabilities of the discoms up to March 31, 2012.
The debt would then be converted into bonds to be issued by discoms to participating lenders, duly backed by State Government guarantee.
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