PTC to talk to pvt players for trading surplus power

Power Trading Corporation (PTC) will begin negotiations with captive power producers (CPPs) in order to trade the estimated 10,000 MW surplus power that the CPPs have. Stating this, the PTC Chairman and Managing Director, Mr Tantra Narayan Thakur, said that trading with power produced by CPPs has now become possible under the Electricity Act 2003. Permission of the State electricity regulatory commissions would have to be taken. Mr Thakur, who was at Kolkata in connection with PTC's IPO, said that a `pool' of about 7,000 MW seems to be readily available from the CPPs. He said that PTC in order to fix the tariff for this power would negotiate with those CPPs who can offer over 50 MW power for trading. "Once we have five to seven such produc.....