PTC India To Ink PPAs With 7 Firms, 5 States For 1,900MW By Oct End


PTC India To Ink PPAs With 7 Firms, 5 States For 1,900MW By Oct End

Power trading solutions provider PTC India will sign medium-term power purchase agreements (PPA) for 1,900 MW coal-based power capacities with seven companies and five states by month-end under a pilot scheme, an official said.

After this tender, the company plans another round of 3,000 MW of medium term PPAs to give some relief to stressed power projects as PPAs are required for getting fuel supplies, a Power Ministry official told PTI.

“PTC India had finalised bids of 1,900 MW capacities last month at a tariff of Rs 4.24 per unit including the nominal fixed cost of one paise per unit for supply of power for the medium term of three years,” the official said.

The seven companies which would ink PPAs are IL&FS Energy for 550 MW, RKM Powergen for 550 MW, SKS Power for 300 MW, MB Power (Madhya Pradesh) Ltd for 175 MW, Jindal India Thermal Power for 175 MW, Jhabua Power Ltd for 100 MW and JP Nilgiri Project for 100 MW. Read more

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