Parampreet Singh: An Acknowledgeable Business Leader Strengthening The Hydro Power Capacity In India | CEOInsights Vendor
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Parampreet Singh: An Acknowledgeable Business Leader Strengthening The Hydro Power Capacity In India

Parampreet Singh: An Acknowledgeable Business Leader Strengthening The Hydro Power Capacity In India

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Parampreet Singh,   Director

Parampreet Singh

Director

India currently has a total renewable energy capacity of 168.96 GW with about 82 GW at various stages of implementation and about 41 GW under tendering stage. While the share of renewable energy is increasing across industries for environment friendly practices, hydropower is expected to play a meaningful role in energy transition with the increase in hydro capacity additions through significant pumped storage hydro projects in ideation or pipeline. As per the draft National Electricity Plan (NEP) 2022 of the Central Electricity Authority, the installed hydropower capacity (including pumped storage) in the country has been accounted to reach 59.7 GW by 2026-27 and 82.6 GW by 2031-32, from a current base of over 46 GW (2022). Large hydro would contribute nearly 17 percent to the country’s projected renewable capacity base of over 344 GW by 2026-27.

GLOBAL HYDRO INDIA, one of the globally recognized Hydro Turbine Manufacturers, is a great contributor of this hydropower energy field. Under the sheer leadership of Parampreet Singh, Director of GLOBAL HYDRO INDIA, the company is scaling growth with its innovative products backed by successful inhouse Engineering and supply capability for complete Electro-Mechanical Equipments.

Lets read through the exclusive interaction between CEO INSIGHTS team and Parampreet to know more about the inspiring business leader and his motivational journey.

Could you give a brief account of your professional background and experiences? What is the motivation that fuels your daily routines?
I am currently the director of GLOBAL HYDRO INDIA, we are a global MNC and recognized competent partner for hydropower with our innovative products and successful worldwide operation, we are one of the leading Hydro Turbine Manufacturers with complete Engineering to supply with inhouse capability. Based out of Austria, with
many subsidiaries globally, the largest in India, we provide turnkey solutions for Electro-Mechanical Equipment on a water wire basis. We have experience of 1500+ Turbines and 1500MW+ of Power in 40+ countries.

In the past, I have been the Director of MHPP Energies, a company dealing primarily in EPC of Solar Power Projects with other businesses in Gas Insulated Substations and IT/ITES and I have also been the Founder of Aspire Innovations, a company dealing in Branding and Marketing.

I have a deep passion for the industry I am working in.The pursuit of success and achievement is a common motivator for business owners. We set goals and work tirelessly to achieve them, whether it's financial success, market recognition, or making a positive impact in their industry.

Could you tell us about the unique experiences TIET Patiala offers and what did you learn from the campus beyond academics?
Thapar University provides a well-rounded educational experience that blends academic rigor with practical exposure, research opportunities, entrepreneurship support, and extracurricular activities. It prepares students to excel in their chosen fields and equips them with the skills and knowledge necessary for a successful career.

How would you define GLOBAL HYDRO INDIA as an organization and its current position in the market?
I am currently the director of GLOBAL HYDRO INDIA, we are a global MNC and recognized competent partner for hydropower with our innovative products and successful worldwide operation, we are one of the leading Hydro Turbine Manufacturers with complete Engineering to supply with inhouse capability. Based out of Austria, with many subsidiaries globally, largest in India, we provide turnkey solutions for Electro Mechanical Equipment on the water to wire basis. We have experience of 1500+ Turbines and 1500MW+ of Power in 40+ countries. Global Hydro comes in the top three companies in the small and medium hydro sector globally.

Tell us about your flagship offerings and what are the value additions that customers can expect from your offerings?
We provide turnkey solutions for Electro-Mechanical Equipment (Kaplan, Francis and Pelton Projects) on the water to wire basis for projects upto 100Mw. We have
experience of 1500+ Turbines and 1500MW+ of Power in 40+ countries.We do have our own inhouse developed Plant Control System for turbine governor and full plant automation, we call it HEROS 4.0 – A Smart Turbine Governor and Powerplant Optimizer.

Tell us about your leadership approach. What are the guidelines or methodologies you follow as a leader?
I continuously evaluate and refine your leadership approach to adapt to the specific needs and challenges of my business. Some of my approaches are Strategic Thinking, Effective Communication, Team Building and Empowerment, Risk Management, Continuous Learning and Adaptability,Ethical Leadership, and Client Focus and Relationship Building

What is the future destination you are heading towards?
We are creating an infrastructure of Hybrid Power Management, in which you can remotely control and monitor a smart grid, which is a self-sufficient grid. We are using Hydro, Solar, BESS and a smart inhouse automation product to produce 100 percent clean power with 100 percent availability.

In light of your strong experience within the industry, what advice would you give to budding industry leaders?
The Power industry offers significant opportunities for renewable energy generation and sustainable development. By focusing on technical expertise, sustainability, stakeholder engagement, safety, project management, innovation, networking, and fostering a positive work culture, budding industry leaders can make a meaningful impact and drive the industry forward.

Parampreet Singh, Director, Global Hydro India
Born and raised in a family with a deep-rooted passion for innovation and sustainable solutions, Parampreet is a 29-yearold dynamic and energetic entrepreneur making waves in the power and energy industry with his high ambitions and relentless drive.

•Hobbies:Traveler, Cricket, Billiards, Sketching, Music, Reading Fiction books
•Favorite Cuisine:Italian
•Favorite Book:‘The Great Gatsby’ by F.Scott Fitzgerald
•Favorite Travel Destination: Croatia
•Awards & Recognition:Indian Achiever Awardee 2020 for contribution to Indian business and society

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