A lot on emphasis is being given on data center story, for me that will evolve but the Transmission side itself is a great thesis for the medium term to be in the stock. Sure technicals are supporting
(my views are biased so take with a pinch of salt)
This is the data from National Electricity Plan. Clearly we are moving towards higher kV transmission grid. This plan is for 500GW of renewables.
I personally believe that 500GW is not end of the story…rather there will continued ramp up in renewables…as they get lion share of incremental power installation. There are many moving parts especially around Round the Clock generation and transmission with possible solutions in the future like green hydrogen and BESS (contingent upon becoming cost effective). I’m positive that this cycle in power capex will need more proactive grid development as the time required for grid development is way more than that of RE deployment. If there is lack of visibility of storage development, the transmission network will require even more capacity.
Technoe has very good credentials in STATCOM and 765kV substation deployment, the management has weathered the power downcycle remarkably and now is gearing to take advantage of the upcycle.
This is my thesis in short.
(Techno Electric & Engineering Company Ltd. – by Pankaj Garg)
Rest I am a techno funda follower so have risk management in place.
Regards
Pankaj Garg
(pankajg.substack.com)
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