Sharika Enterprises Limited signed a Memorandum of Understanding (MoU) with Russian Engineering powerhouse' Engineering Center Energoservice' (ENS). As a frontrunner in advanced power system measuring, monitoring, and automation solutions, ENS, jointly with Sharika Enterprises, is set to be instrumental in enhancing the reliability and safety of electrical grids in India. The MoU aims to cooperate 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 and condition monitoring solutions, including transformers throughout the country.
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 introducing innovative technologies in India and providing an efficient, sustainable and dependable power system benefitting 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 improve grid reliability and performance in India.
Fleyshman Igor L., General Director at Engineering Center Energoservice, added, "We look forward to cooperating with Sharika Enterprises, which is well-acquainted with and experienced in the Indian power sector. Sharika's proven experience in the Indian market and familiarisation with Indian requirements make it an optimum fit as a business partner for us. Together, we aim to build a 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), stabilising power grids through synchronised 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 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 make these leading-edge digital power solutions available to Indian utilities at a reduced cost.
