PTC India has entered into the Memorandum of Understanding (MoU) with SJVN Arun-3 Power Development Company (SAPDC), a wholly-owned subsidiary of SJVN. The pact is for the sale of hydropower from SAPDC's Arun-3 and lower Arun hydroelectric projects on a long term basis to utilities/consumers in India.
SAPDC is setting up two hydroelectric projects -- 900 MW Arun-3 and 669 MW Lower Arun -- in Sankhuwasabha, Nepal. Commercial operation of 900 MW Arun-3 is scheduled to commence in year 2023-24, and that of 669 MW Lower Arun hydroelectric project is scheduled to commence in year 2027-28.
Under the pact, PTC shall assist SAPDC for sale of power from these projects to state utilities/discoms/bulk consumers etc on a long term basis (15 years to 25 years) in India. PTC shall also endeavour to sell any untied capacity on medium/short term basis or on power exchanges.
PTC India is principally engaged in trading of power. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.
