 "SBI fixes plans for six stressed power assets; RBI deadline ends Monday")
At a time when demand concerns have dogged the power sector, Power Trading Corporation (PTC) is playing the role of an aggregator and has successfully completed bidding for 1,900 Mw of short-term power contracts. Simultaneously, it is looking for a second tranche of power procurement and is planning to go the whole hog into trading through power exchange in tie-up with ICICI and BSE.
TN, Telangana, Haryana, Punjab, Jharkhand and Bihar are likely to sign the power sales agreement (PSA) for the first tranche of 1,900 Mw, for which PTC has aggregated bids. “Through the use of scheduling, we will
