Experts across the sector of power transmission industry participated in SYNC 2019, the annual confluence of Operations and Maintenance (O&M) of power transmission industry held in Bhopal.
While talking to media persons here on Tuesday, Ved Mani Tiwari, CEO Global Infrastructure, Sterlite Power said the Operation and Maintenance (O&M) is critical for the country to achieve its 24X7 power supply mission and Sterlite Power understands importance of O & M partner in power transmission industry.
Industry experts from both the private and public sector companies discussed trends in the sector, energy solutions, cyber security in the grid.
The confluence was centered around reliability through technical excellence and addressed key growth opportunities like storage and HVDC in providing 24 X 7 power to all and the power sector outlook in Bhopal.
The conference also highlighted that about 45 Central sector projects have already been awarded through competitive bidding, costing about Rs 50,000 crore and have resulted in upto 30-40% tariff savings for ISTS projects.
Industry experts present at the confluence expressed that the lack of competition
in the transmission sector during the past has caused massive loss on exchequer and it is indeed imperative to adopt the TBCB (Tariff Based Competitive Bidding) model to encourage competition and PPP (Public Private Partnership) in executing projects.
The TBCB model allows channelization of funds to other priority sectors and can save about 8000 cr of tariff annually.