PTC India has secured the largest number of power supply orders at competitive rates to Uttarakhand and Kerala state utilities at a recently concluded short term power procurement auction.
The company was the sole successful bidder for Kerala and it will be supplying 100 MW -- the entire requisitioned quantum by Kerala State Electricity Board during peak hours and 50 MW during non-peak hours. In Uttarakhand, PTC bagged the contract for more than half the quantum as awarded by Uttarakhand Power Corporation. It will supply during evening peak and an additional 150 MW round the clock.
PTC India acts as intermediary between buyer and sellers of power. In case of cross-border trading, the company plays the role of a nodal agency. It offers advisory services for setting up independent power producing plants.
