PTC India wins bid for Aggregator under MoP Pilot Scheme-II

PTC India announced its selection as aggregator for Pilot Scheme II issued by Ministry of Power for resolution of stressed thermal assets. The scheme is for procurement and supply of 2500 MW power on medium term basis for three year's period. The technically qualified bidders PTC and NVVN had participated in the auction process.

PFC Consulting which is the Nodal Agency for this scheme, conducted the bid process again on 27 December 2019. The earlier bid process for Pilot Scheme II, issued in February 2019 was cancelled due to lack of response from State Discoms.

It is expected that PFC Consulting will complete the bid process for selection of generators by January 2020. PTC, with its experience in power trading, would endeavor to successfully tie-up power under Pilot Scheme-II at the discovered price.

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