Page 4 - Ptc India

PTC India to sign pacts with 7 firms, 5 states for 1,900MW power by Oct-end

Power trading solutions provider PTC India will sign medium-term power purchase agreements (PPA) for 1,900 MW coal-based power capacities with seven companies and five states by month-end under a pilot scheme, an official said. After this tender, the company plans another round of 3,000 MW of medium term PPAs to give some relief to stressed power projects as PPAs are required for getting fuel supplies, a Power Ministry official told PTI. "PTC India had finalised bids of 1,900 MW capacities last month at a tariff of Rs 4.24 per unit including the nominal fixed cost of one paise per unit for supply of power for the medium term of three years," the official said. The seven companies which would ink PPAs are IL&FS Energy for 550 MW, RKM Powergen for 550 MW, SKS Power for 300 MW, MB Power (Madhya Pradesh) Ltd for 175 MW, Jindal India Thermal Power for 175 MW, Jhabua Power Ltd for 100 MW and JP Nilgiri Project for 100 MW. Five states which would buy power from these plants are ...

PFS to sell two stressed assets to ARC; focus on road, transmission, ports

With the current stress in powergen sector, PFS has 18% of its Rs 134 bn loan portfolio in distress, not all of which are NPAs

PTC India sells its stake in IEX for Rs 132 crore

PTC India Financial Services Limited (PFS) divested its entire stake in Indian Energy Exchange Limited (IEX) for Rs.132.54 crores. Prior to the sale, PFS' investment in IEX stood at Rs. 1.52 crores. IEX provides power trading platform for electricity trade in India, said the company in a public statement. "The current divestment of equity investment will provide headroom for growth and the Company shall leverage the same to scale up its lending activity and achieve sustained growth," said the statement.Dr. Ashok Haldia, MD & CEO, PFS said the exit is made at a substantial return on the investment". "It will strengthen the balance sheet, augment the company's networth, and provide the headroom for increased lending in the infrastructure sector. It has been our constant endeavor to leverage our expertise in order to deliver maximum value to the shareholders," he said.ends

PTC India to cross 50 bn units of electricity sale by 2017-18, says top executive

Asset size of its financial services arm PFS to be Rs 10,000 cr plus in current fiscal, says PTC India CMD Deepak Amitabh

PFS Q4 net jumps over threefold to Rs 49 crore

Promoted by PTC India, PFS is a Non-Banking Finance Company

PTC India gains after arm commissions wind power project in MP

PTC Energy has commissioned 30MW wind power project in Madhya Pradesh