As we know India is on the threshold of becoming major power nation among developing economies & Electricity is a one of key ingredient for the economic growth of the country. There has been a surge in demand for power in India due to increase in capacity utilization, industrialization & urbanization.
Transformer improves safety and efficiency of power systems by raising or lowering voltage levels as and when needed & are used in a wide range of residential and industrial applications, primarily and perhaps most importantly in the distribution and regulation of power across long distances. Transformers in commercial installations are normally used to change a voltage level from a utility distribution voltage to a voltage that is usable within the building, and are also used to reduce building distribution voltage to a level that can be utilized by specific equipment.
So as per the wide application, proper Fire & Safety measurements and preventive maintenance of the transformers have to be needed for the uninterrupted operation of the plant. Here we attached article about the types of fault occurred in transformers and precautions have to be taken to overcome the fault and minimization of the Business interruption losses.
Understanding the risk exposures will help in implementing the Risk management activities like identification / Analysis, Risk improvement, Transferring the risk (insurance) , monitoring and it is a continuous process.
In continuation to the sincere efforts of Beacon Insurance Brokers Pvt. Ltd, to guide our valued clients in understanding the Risk exposures of various industries and thus designing the insurance programs accordingly, the Risk management team of Beacon has made an honest endeavor to study the Transformer Fire and prepared an Article for your kind perusal.