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LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
Copyright © 2015 - 2022 Lifecarenews.in
LIFE CARE IS REGISTERED MAGAZINE IN RNI, NO.GUJGUJ/2015/71283
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DUBLIN–(BUSINESS WIRE)–The “Maintenance, Repair & Overhaul (MRO) Market Opportunity in India Across Energy Sector and Outlook Till 2022 (Vol-I)” newsletter has been added to ResearchAndMarkets.com’s offering.
India historically has been dependent upon coal-based thermal generation at large to meet its baseload requirements, which indeed is a polluting source of energy generation. Moreover, aging thermal power units, falling plant efficiencies, rising power demand and the need for meeting global environmental standards is diverting the existing thermal power generation market more towards upgrading and modernizing the existing units than adding up the fresh capacities. In fact about 17 GW of state and centrally owned thermal power capacity was targeted to be upgraded and modernized by the end of 12th FYP.
Having said that, close to 2 GW of the total targeted capacity has been renovated so far creating an immediate market opportunity for approximately 15.2 GW of carrying over capacity to be modernized. Apart from this, the thermal power units that are already hitting the operational age of 10-15 years do hold significant business potential for repair and maintenance in the years to come.
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Not only the thermal power units but the oil marketing companies (OMCs) too are investing big in the technological upgradation, expansion, and overhauling of existing refineries. It is pertinent to note that investment to the tune of approximately USD 5.2 Billion is what theIndian refining industry is anticipating until 2020 in developing its brownfield refineries.
BUSINESS CASE FOR MAINTENANCE, REPAIR AND OVERHAUL MARKET IN INDIA
Key Highlights
A Must Buy For
KEY COMPANIES MENTIONED
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