NHPC inks MoU with PTC India for sale of power

06 Sep 2022 CW Team

NHPC has signed an MoU with PTC India for the sale of power to be generated from the upcoming West Seti and Seti River-6 Projects in Nepal. The MoU has been reportedly signed by AK Singh, CMD, NHPC and Dr Rajib K Mishra, CMD, PTC India. On this occasion, RP Goyal, Director (Finance) Biswajit Basu, Director (Projects), VR Shrivastava, Executive Director (SBD&C) from NHPC and Harish Saran, Executive Director (Commercial and Operations), Pankaj Goel, CFO and Bikram Singh, EVP-Marketing from PTC India were also present.

As per the MoU, PTC shall purchase the Contracted Capacity from NHPC from the date of commercial operation of the above projects for onward sale to the State Utilities/Discoms/Bulk Consumers on a long-term basis in India and neighbouring countries. PTC shall also endeavour to sell any untied capacity on a medium or short-term basis or on power exchanges.

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