High demand pushes cost of power to hit a new high on exchange

“Due to coal shortage, Tangedco units are working at 50% capacity. Tuticorin units have coal stock to the extent of 3 days and that is the maximum among all our units,” said a senior Tangedco official. Other units have coal stock for 1 to 2 days alone, he said.

High demand pushes cost of power to hit a new high on exchange

The cost of power hit a new high of Rs 18.2 per unit in the electricity exchange on Thursday due to increased demand from discoms including Tangedco. Facing shortage of coal supply for power generation,

Pawan Singh is new MD & CEO of PTC India Financial Services

Pawan Singh is new MD & CEO of PTC India Financial Services

PTC India Financial Services (PFS), the non-banking financing arm of power trader PTC India, today announced the company’s board has appointed Pawan Singh as the new Managing Director and Chief Executive Officer (CEO) of the company with immediate effect for a period of five years.