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Home › Business ›PTC India Expands 100 MW Solar Power Purchase Agreement and Inks Long-Term Pact of 115 MW Thermal Power

PTC India Expands 100 MW Solar Power Purchase Agreement and Inks Long-Term Pact of 115 MW Thermal Power

PTC India intends to market this power capacity to utilities, commercial establishments and industrial entities.

June 02, 2023. By EI News Network

PTC India a prominent power trading solutions provider and consultant, has entered into two significant long-term agreements for the procurement of 215 MW of electricity capacity.

These agreements inked with Brookfield Renewables and V S Lignite, contain the purchase of 100 MW of solar power and 115 MW of thermal power, respectively.

PTC India intends to market this power capacity to utilities, commercial establishments, and industrial entities.

These include facilitating consultancy services to stakeholders, entering into new power purchase agreements (PPAs) all over the year, and upgrading the supply of power from existing PPAs, all of which form integral parts of the company’s business model.

Additionally, PTC India is optimistic about the growth of its advisory business. As per a month-on-month analysis, the company noted a 33 percent increase in the traded volume of power in April 2023.

PTC India functions as a public-private partnership company, with POWERGRID, NTPC, PFC, and NHPC catering as its promoters, jointly retaining a 16 percent share.

The remaining 84 percent of ownership is dispersed among financial institutions, utility companies, and the public.

PTC India Limited (Power Trading Corporation of India Limited), is an Indian company that provides power trading solutions, cross-border power trading, and consultancy services. The company is based in New Delhi and also has operations in nations such as Nepal, Bhutan, and Bangladesh.

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Generating electricity

Power Purchase Agreement