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
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.
Read Also : International Labour Day 2024: A Global Celebration of Workers' Rights and AchievementsNews Must Read
- WAPCOS became second Indian PSU in ADB Consulting
- Power Grid appoints Satyaprakash Dash as CS and Compliance Officer
- GE Power received orders from two state-owned PSUs and one JV entity
- SAIL-RITES JV bags Rs 818 crore wagon order from Indian Railways
- BHEL enters into Strategic Partnership Agreement with HIMA for Railway Signalling Business
- SJVN bids farewell to Smt. Geeta Kapur, CMD and Director (Personnel)
- Nilendu Kumar Singh assumes charge of CMD, CCL
- IndianOil Q4 Results: Profit plunges 52% YoY to Rs 4,838 crore
- REC Limited declares financial results, records highest ever annual net profit
- NHPC Limited to collaborate with Norwegian company