PTC India Ltd, India’s largest electricity trader, will buy surplus power from Bhutan government-run Druk Green Power Corp. Ltd, which runs the 720 megawatts (MW) Mangdechhu hydropower project.
“PTC India Ltd (PTC) signed power purchase agreement (PPA) with Druk Green Power Corp. Ltd (DGPC, A Royal Bhutan Govt. Company) for purchase of surplus power from 720MW Mangdechhu hydro electric project in Bhutan for 35 years. Government of India has designated PTC as the nodal agency from Indian side to purchase this power from Bhutan,” PTC said in a statement on Monday evening.
Prime Minister Narendra Modi inaugurated the major hydropower project during his recent visit to the strategically located Himalayan nation as part of the National Democratic Alliance (NDA) government’s “neighbourhood first” policy. Read More
Latest posts by Livemint (see all)
- Energy deals, address to UNGA on PM’s agenda during US visit - September 16, 2019
- Gurugram Rapid Metro is in trouble, here’s why nobody wants to run it - September 14, 2019
- Mumbai AC local train services to now operate on weekends too - September 14, 2019