PTC signs fresh agreements for Supplying 200 MW Power to Bangladesh for 15 years
Deepthi | Myequity news | Date : 10-10-2018 20:20:00 IST
PTC India Ltd., supplying 290 MW power to Bangladesh, has signed two new Agreements for supplying 200 MW power to Bangladesh on short term and long term basis to a total for 15 years. The short term Power for 200 MW power is from power pool of West Bengal State Electricity Distribution Company Ltd (WBSEDCL) and long term power will be supplied through imported coal from Meenakshi Energy Limited's imported coal based project.
With this new addition in cross border supply PTC will add more than 1.5 billion units to its existing supply of 7 billion units with neighbouring countries (Bangladesh, Bhutan and Nepal). The transaction is expected to give export earning of USD 1.8 Billion over its contract period.
About PTC India Limited:
PTC India Ltd. (PTC) is the leading provider of power trading solutions in India, was established in the year 1999 as a Government of India initiated Public-Private Partnership, whose primary focus is to develop a commercially vibrant power market in the country. PTC is a pioneer in starting a power market in India and undertakes trading activities which include long term trading of power generated from large power projects as well as short term trading arising as a result of supply and demand mismatches, which inevitably arise in various regions of the country.