PTC plans PPAs with firms with surplus power

Power Trading Corporation (PTC) will sign power purchase agreements with companies having surplus captive power of 50 mw and more. “A study on captive power plants suggested that the country produces around 25,000 mw of which around 10,000 mw was surplus. PTC will enter into agreement with these generators,” PTC chairman and managing director T N Thakur said. PTC had recently issued an advertisement for purchase of surplus power from captive power plants. In response, some 80-odd power plants had offered supply 7,000 mw of power. PTC has entered into negotiations with Damodar Valley Corporation and North Eastern Electric Power Corporation Ltd for power purchase agreements. “We are negotiating with power producers for a total 3000 mw,” Thaku.....