India Implements Phased Localisation Strategy for HVDC Substations by 2035
India eases HVDC localisation rules, sets timeline to reach 60% local content by 2035
The Economic Times
Image: The Economic Times
The Indian Ministry of Power has revised its procurement norms to gradually increase local content in High Voltage Direct Current (HVDC) substations to 60% by 2035. The new roadmap allows for a phased approach, starting with 30% local content until 2028, aimed at bolstering domestic manufacturing capabilities.
- 01The minimum local content for HVDC substations will rise from 30% to 60% by 2035.
- 02The phased increase includes specific targets for 2028, 2030, and 2032.
- 03This initiative is part of the 'Make in India' framework to enhance domestic manufacturing.
- 04The changes will apply to engineering, procurement, and construction (EPC) projects.
- 05The move aims to strengthen India's power transmission infrastructure.
Advertisement
In-Article Ad
The Ministry of Power in India has announced a revised phased roadmap for local content in High Voltage Direct Current (HVDC) substations, aiming to achieve 60% local content by 2035. The updated norms replace the previous uniform requirement with a gradual increase: 30% until March 2028, 40% from April 2028 to March 2030, 50% from April 2030 to March 2032, and finally 60% from April 2032 to March 2035. This initiative falls under the Public Procurement (Preference to Make in India) framework, which incentivizes local sourcing in the power sector. The phased approach is designed to give the domestic industry time to enhance its capabilities while promoting localisation in critical power infrastructure projects. The ministry confirmed that all other provisions of the existing order remain unchanged.
Advertisement
In-Article Ad
This initiative is expected to strengthen India's domestic manufacturing sector, potentially leading to job creation and technological advancements in the power infrastructure domain.
Advertisement
In-Article Ad
Reader Poll
Do you support the phased increase in local content for HVDC substations?
Connecting to poll...
More about Ministry of Power
Read the original article
Visit the source for the complete story.