PTC India, in a statement, said that state government power utility Tangedco has appointed it as aggregator for a 1,500-mw five-year power procurement drive for which the utility had floated tenders.
As a consequence, Tamil Nadu Generation & Distribution Corporation (Tangedco) will now sign power purchase agreements (PPA) with successful generators, and power sale agreements (PSA) with PTC India.
“PTC has long association with Tangdeco . We are confident that price under current tender would be competitive and it will reduce the power procurement cost of Tangedco. Tangedco is also taking various measures to strengthen its financial position in future,” PTC India CMD (additional charge) Rajib K Mishra said.
PTC is also the aggregator under the Pilot Scheme-I and Pilot Scheme-II of Union Power Ministry. The company has tied up 400 mw power supply with Tangedco under Pilot Scheme-II. TANGEDCO has now appointed PTC for their balance requirement of power and floated 1,500 mw tender for five years, it added.
Kerala mandate
PTC India, in December 2021, commenced power supply to Kerala State Electricity Board (KSEB) under the Pilot Scheme-II of the Ministry of Power. Under this scheme, 270 mw is to be supplied to the southern state.
Power will be supplied by Jindal India Thermal Power Project in Odisha to Kerala under medium term for three years. PTC India was selected as an aggregator to facilitate the purchase and sale of power. Tariff was discovered at the rate of Rs.3.26 per kwh through a competitive bidding process at DEEP e-bidding portal and was the lowest tariff under a medium term contract.
(Featured photograph for representation only)
