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PTC India inks new pacts for 200 MW power supply to B'desh for 15 yrs

Press Trust of India  |  New Delhi 

Power trading solution provider said Wednesday it has signed two new power purchase agreements (PPAs) with Power Development Board (BPDB) for supplying 200 MW power to that country.

is already supplying 290 MW power to and signed Tuesday two new agreements for 200 MW on short and long-term basis for 15 years, a PTC statement said.

The short-term power for 200 MW is from power pool of (WBSEDCL). The long-term power will be supplied through imported coal project of Meenakshi Ltd.

With this new addition in cross-border supply, PTC will add more than 1.5 billion units to its existing portfolio of 7 billion units power supply to neighbouring countries (Bangladesh, and Nepal), it added.

The transaction is expected to give export earning of USD 1.8 billion over its contract period.

Deepak Amitabh, chairman and managing director, PTC India, said in the statement, "This transaction is another step towards a regional market for power that will aid closer cooperation among our neighbours for security.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 20:40 IST