PTC India, NHPC inks MoU for sale of power

The MoU was signed by Shri A.K. Singh, CMD, NHPC and Dr. Rajib K. Mishra, CMD, PTC India Limited.

PTC India, NHPC inks MoU for sale of power
PTC India, NHPC inks MoU for sale of power

New Delhi: PTC India Limited inks Memrandum of Understaing (MOU) with NHPC for sale of power to be generated from upcoming West Seti & Seti River-6 Projects in Nepal at NHPC Corporate Office, Faridabad.

The MoU was signed by Shri A.K. Singh, CMD, NHPC and Dr. Rajib K. Mishra, CMD, PTC India Limited. On this occasion, Shri R.P. Goyal, Director (Finance) Shri Biswajit Basu, Director (Projects), Shri V.R. Shrivastava, Executive Director (SBD&C) from NHPC and Shri Harish Saran, Executive Director (Commercial & Operations), Shri Pankaj Goel, CFO and Shri Bikram Singh, EVP-Marketing from PTC India were also present.

As per the MoU, PTC shall purchase the Contracted Capacity from NHPC from date of commercial operation of above Projects for onward sale to the State Utilities/Discoms/Bulk Consumers on long term basis in India and neighboring countries. PTC shall also endeavor to sell any untied capacity on medium/short term basis or on power exchanges.