IEEMA flags off the 12th edition of ELECRAMA-2016 – World Electricity Forum
To host Network2networth, an interactive platform to bridge the gap between the Finance and Power Sector.
Mumbai, 21st January, 2016: The electrical equipment manufacturing industry leaders made an earnest appeal to encourage innovation and technology upgradation in the power sector in Maharashtra. Acknowledging that the state is comparatively better than some other states, they called for a quick implementation of central government’s Ujjwal DISCOM Assurance Yojana (UDAY). This was stated as Indian Electrical and Electronics Manufacturers’ Association (IEEMA), flagged off ELECRAMA 2016 – World Electricity Forum at a curtain raiser here today. The event is scheduled to be held at Bangalore on February 13-17, 2016 and is slated to be among the world’s biggest showcase of the latest in innovations and technologies in the power sector.
Speaking on the occasion, Mr. Babu Babel, President, IEEMA mentioned that, “For India to grow faster, it is essential that we overcome the challenges in power sector. The financial health of the DISCOMs can be improved, through technology innovations and upgradation of infrastructure. A large portion of 16,500 MW required in next five years can be successfully managed if Maharashtra enhances its Plant Load Factor (PLF), reduce power theft, minimize AT&C losses, etc. through innovative technologies now available. IEEMA is keen to support the state in addressing all key challenges faced. ELECRAMA 2016 will provide a worldview on technology, best practices, new systems and forecasting the trends in the future of electricity, both from technology and a socio-economic point of view. ”
Maharashtra has demonstrated the will to address the challenges in power sector. The state has reduced its distribution losses to 14 per cent by March 2014 from 22 per cent in 2007-08. The transformer failure rate also dropped to 9.18 per cent by March 2014 from 14.03 per cent in 2008-09. However distribution losses are relatively higher in the state, which is a setback for the industry and the citizens.
Mr. Aaditya Dhoot, Organizing Committee Chairman, ELECRAMA added, “Massive investments planned in the power sector are a great opportunity not only for the industry but also for the nation as well. It is important for everyone associated with the sector witness’s world’s cutting edge technologies and ideas during ELECRAMA 2016 – World Electricity Forum. A first of its kind interactive platform for participants from the Financial Sector called “NETWORK2NETWORTH” is being organized concurrently to bridge the gap between the Finance and Power Sector. The platform will provide key decision makers from the finance sector an opportunity to interact with corporates, industry experts and SME’s from the power sector to understand the opportunities and key challenges in the industry, aimed at developing new business associations.” He further added “ELECRAMA 2016 will also host the World Utility Summit™ A pioneering thought leadership forum, which will set the agenda for the future, actively playing the role of a key enabler for the eco-system, to develop optimal solutions, technology & products. It will be the first step in the long journey to creating integrated, sustainable utilities of the future.”
ELECRAMA 2016 will provide the industry a worldview on technology, best practices, new systems and forecasting the trends in the future of electricity, both from technology and a socio-economic point of view. ELECRAMA – 2016, will for the first time feature “WORLD UTILITY SUMMIT”, a unique global platform, which will witness eminent experts/ CEOs from around the world sharing their experiences on the evolving global landscape of ELECTRICITY. This will include the economics of Power, demand paradigms, policy and regulation, technology, digitization, smart electricity / cities and the issue of carbon footprint.
4 Union Ministers, Shri Anant Geete, Minister of Heavy Industries and Public Enterprises, Shri Piyush Goyal, Minister of Power, Shri Suresh Prabhu, Minister of Railways and Shri Kalraj Mishra, Minister of Small and Medium Enterprises, have confirmed their presence for ELECRAMA 2016. Officially supported by Ministry of Power, Ministry of Heavy Industries & Public Enterprises, Ministry of New and Renewable Energy, Ministry of External Affairs and Ministry of Commerce, Government of India, this is the largest and most prestigious event in its space in the world.