Sharika Enterprises joins hands with Russian engineering pioneer ENS for DigitalPower solutions in India

In a significant move to improve the power system in India, Sharika Enterprises Limited, working in the field of Digitalization of Energy & Infra in India, signed a Memorandum of Understanding (MoU) with Russian Engineering powerhouse 'Engineering Center Energoservice' (ENS).

A frontrunner in advanced power system measuring, monitoring and automation solutions, ENS jointly with Sharika Enterprises is all set to be instrumental in enhancing the reliability and safety of electrical grids in India. The MoU is aimed at cooperation in power system monitoring solutions in India and provides Sharika Enterprises with the exclusive right to market and distribute ENS's cutting-edge grid protection, condition monitoring solutions, including transformers throughout the country.

Speaking on the occasion Mr. Rajinder Kaul, Chairman and Managing Director of Sharika Enterprises said, "We are honoured to collaborate with Engineering Center Energoservice, a digital power technologies leader and this partnership is a major milestone in our quest to upgrade India's power grid infrastructure. Together, we look forward to introduce innovative technologies in India and provide an efficient, sustainable and dependable power system benefitting the industries across the spectrum."

ENS's transformer condition monitoring systems use synchrophasor measurements to monitor, and ensure the health of power transformers. The ENS systems offer real-time data and analytics that help minimise operational risks and avoid expensive downtimes in power grids. The collaboration aims to make grid reliability and performance better in India.

Fleyshman Igor L., General Director at Engineering Center Energoservice added, "We look forward to co-operating with Sharika Enterprises, which is wellacquainted with and experienced in the Indian power sector. Sharika's proven experience in the Indian market and familiarisation with Indian requirements makes it an optimum fit as a business partner for us. Together we aim to build robust power grid in India and meet the country's energy efficiency initiatives."

A prime product of this partnership is the Intelligent Digital Device (ENIP-2) and its modules. All these products are intended for measurement, time synchronisation, display, input-output and communication. The MoU was signed officially between Sharika Enterprises and ENS in the presence of both companies' senior representatives.

The partnership is also extended to Wide Area Monitoring Systems (WAMS), stabilizing power grids through synchronized Phasor Measurement Units (PMUs) and real-time monitoring units (RTUs). Sharika Enterprises has already started discussions with ENS for setting up a manufacturing plant in India. The project may take shape either under technology transfer or as a joint venture. It will facilitate the localisation of ENS's cutting-edge products aligning with the 'Make in India' initiative and also make these leading-edge digital power solutions available to Indian utilities at a reduced cost.

The strategic collaboration between ENS and Sharika Enterprises is considered as a big leap towards strengthening India's energy infrastructure. The association also aims to curb frequent power outages, particularly during peak summer months due to grid failures. Both entities plan to enable the energy transition of the country and achieve lower grid breakdowns, a major challenge in light of the country's rapidly growing electricity demand coupled with aging infrastructure.

Source : Equity Bulls

Keywords

SharikaEnterprises MoU Russia EngineeringCenterEnergoservice Digitalization Energy Infra India