In a first, PTC India to set up power trading firm in Nepal
POWER & RENEWABLE ENERGY

In a first, PTC India to set up power trading firm in Nepal

State-owned PTC India will set up a power trading company in Nepal, which will supply electricity to India and Bangladesh, the firm's chairman and managing director Rajib K Mishra said. This will make it the first Indian power firm to have a set-up in Nepal, and the move will boost the Centre's aim to build a South Asia-focused energy security architecture.

PTC may in the future also sell power to Myanmar and Vietnam, if the required infrastructure becomes available, Mishra said. Moving beyond PTC's mandate of trading power to and from India, it would act as an aggregator and trade power on multiple fronts.

“The board has given us an approval for starting a new trading company in Nepal. So, that’s something we have not done outside the country. We have done a lot of business with Bhutan, Bangladesh and Nepal as a trading company in India, sourcing the power from them. For the first time, we will try to have a company there in Nepal," Mishra told an Indian publication.

PTC has signed a memorandum of understanding (MoU) with NHPC for the sale of power from the upcoming West Seti and Seti River-6 hydro power projects in Nepal. PTC India will operate as a holding company and it will be at an arm’s length from the Nepal entity, although there will be synergy in their business.

The firm is waiting for the amendments to the Electricity Act 2022 in Nepal which would give companies access to power trading.

See also:
NHPC inks MoU with PTC India for sale of power
Power producer THDC to roll out Rs 500 bn expansion plan


State-owned PTC India will set up a power trading company in Nepal, which will supply electricity to India and Bangladesh, the firm's chairman and managing director Rajib K Mishra said. This will make it the first Indian power firm to have a set-up in Nepal, and the move will boost the Centre's aim to build a South Asia-focused energy security architecture. PTC may in the future also sell power to Myanmar and Vietnam, if the required infrastructure becomes available, Mishra said. Moving beyond PTC's mandate of trading power to and from India, it would act as an aggregator and trade power on multiple fronts. “The board has given us an approval for starting a new trading company in Nepal. So, that’s something we have not done outside the country. We have done a lot of business with Bhutan, Bangladesh and Nepal as a trading company in India, sourcing the power from them. For the first time, we will try to have a company there in Nepal, Mishra told an Indian publication. PTC has signed a memorandum of understanding (MoU) with NHPC for the sale of power from the upcoming West Seti and Seti River-6 hydro power projects in Nepal. PTC India will operate as a holding company and it will be at an arm’s length from the Nepal entity, although there will be synergy in their business. The firm is waiting for the amendments to the Electricity Act 2022 in Nepal which would give companies access to power trading. See also: NHPC inks MoU with PTC India for sale of powerPower producer THDC to roll out Rs 500 bn expansion plan

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code