** Indian power equipment stocks jump after Citi initiates coverage

** Hitachi Energy HITN.NS jumps 4.8%, GE Vernova T&D GETD.NS up 2.7% and CG Power CGPO.NS climbs 3.7% on "buy" rating and Street-high price targets

** Citi starts coverage of Siemens Energy SIEE.NS with "neutral"; stock up 1%

** Citi's implied upside estimates for HITN, GETD, CGPO and SIEE at about 33%, 25%, 21.3% and 8.5%, respectively

** HITN up 102%, GETD up 62.6%, YTD - exchange data

** CGPO and SIEE up 45.6% each so far this year - exchange data

** Citi expects $15 trillion global power transmission & distribution capex cycle through 2050, driven by renewables and data centers

** Says, India well-positioned as local companies manufacture 80% of global T&D products

** Adds, 7.9 trillion rupee government transmission plan through fiscal 2036 fuels multi-year infrastructure growth

** This spending unlocks 1.6 trillion rupee original equipment manufacturer opportunity in the high-voltage direct current segment alone, brokerage says

** Sees further upside from export growth, capacity expansions