Energypac Engineering has commenced shipment of transformers to Adani Electricity Mumbai. The electricity company – a sister concern of Ahmedabad-based multinational conglomerate Adani Group, showed interest due to Energypac’s high-quality production capacity.
One “16/20-million-volt ampere” transformer was exported to the Indian private power distribution company on 26th March (Friday), marking Bangladesh’s golden jubilee of independence.
A second transformer will be exported next month, according to company officials.
In the meantime, Energypac has assured one of the country’s biggest export deals with the Adani for 70 cast resin transformers.
Such transformers need only air for cooling and are therefore nearly maintenance-free in comparison to liquid-cooled transformers.
Over the past years, Energypac has exported $6 million worth of products to India, with duty free access under the South Asian Free Trade Area (SAFTA).
Energypac’s products have been used in various projects in India, including the Jaldhaka Hydel power project, Sagardighi thermal power plant and Indian Institutes of Science Education and Research.
Besides, the company exports a number of electrical products to more than 20 countries, including India, Nepal and Malaysia.
Its products have also been used in notable projects in Bangladesh, such as that of the Rooppur nuclear power plant and Dhaka metro rail.
Rabiul Alam, chief executive officer of Energypac Engineering said, “Achieving European standards with modern technology while keeping our prices competitive helped the company enter India’s market.”
“The company inspected Energypac’s manufacturing plant and tested products before deciding to import our transformers,” Alam added.
“We see good potential for the export of transformers to India as it has a vast market with just three local manufacturers,” he also said.
On the other hand, Adani Electricity Mumbai has a distribution network spanning over 400 square kilometres, catering to about 2.9 million customers. It has a market over $80 billion.
Adani Group, which comprises six publicly traded companies, has positioned itself over the years as India’s infrastructure giant, diversifying from mines, ports and power plants to airports, data centres and defence.
In the last year, Adani Group has earned a total of $16.2 billion, which was the highest in the world for that period.
Adani Power, India’s largest private power company, is establishing a 1,600 MW ultra-supercritical power project at Godda in Jharkhand to supply energy to Bangladesh, according to the company’s annual report.
Meanwhile in Bangladesh, Energypac has turned itself into a market leader on being established in 1982.
It has ensured capabilities across technology, engineering, construction and manufacturing in designing and producing power products and systems, including switchgears.