Paris, France – February 27th, 2024 — GE Vernova’s Grid Solutions arm has secured multi-million dollar contracts from Power Grid Corporation of India (PGCIL) to supply critical equipment for the country’s power grid.

Key Points

• Contract Details: GE Vernova will deliver 765 kV Shunt Reactors to enhance grid stability and efficiency.
• Supporting Renewables Integration: The equipment facilitates integrating renewable energy sources like solar and wind into the national grid.
• Local Manufacturing: GE T&D India, the local unit, will manufacture and deliver the reactors, aligning with India’s ‘Make in India’ initiative.

Quotes

• Eric Chaussin, GE Vernova Grid Solutions: “This reinforces our commitment to India’s clean energy goals and strengthens their grid infrastructure.”
• Sandeep Zanzaria, MD & CEO, GE T&D India: “Delighted to support PGCIL’s grid modernization with locally manufactured equipment.”

Benefits for India

• Grid Stability: Shunt reactors ensure smooth electricity flow and reduce power outages.
• Renewable Energy Integration: Enables large-scale integration of clean energy sources.
• Manufacturing Boost: Project supports domestic manufacturing under ‘Make in India’

GE Vernova’s Role

GE Vernova’s Grid Solutions business is a key partner in India’s energy transition by:

• Providing advanced grid technologies.
• Supporting the integration of renewable energy.
• Contributing to a reliable and efficient power grid.

India’s Renewable Energy Push

India has ambitious renewable energy targets:

• 50% of power generation from non-fossil sources by 2030.
• 500 GW of non-fossil power capacity by 2030.
• GE Vernova: A Partner in a Sustainable Future

By providing essential grid equipment and expertise, GE Vernova is helping India achieve its clean energy goals and build a more sustainable future.

Source