PTC India wins Mumbai Port Trust Tender for power management services

PTC India has won a three-year contract with Mumbai Port Trust to provide power management services worth Rs nine crore. PTC India's CMD In-Charge, Rajib K Mishra, said that the company won the contract by outbidding other large players in the field. One of the consulting firm's focus areas for expansion is distribution management services. The tender is worth Rs nine crore, according to a statement released by the company on Monday. For three years, the bidder will provide Technical Advisory Services, Operation and Maintenance of Electrical HT and LT Network, System and Consumer Energy Metering and Billing Support to Mumbai Port Trust (MbPT). For the past five to six years, PTC India has been providing similar power distribution management services to ports and SEZs. Deenadayal Port or Kandla Port, Mumbai Port, Jawaharlal Nehru Port, and Paradip Port are the four major ports with which the company has collaborated. It also collaborates with the Madhya Pradesh and Andhra Pradesh State Industrial Development Corporations to provide distribution management services for their SEZs and industrial zones. PTC was the first to establish a power market in India, and it now engages in long-term trading of power generated by large power projects as well as short-term trading resulting from supply and demand mismatches that inevitably occur in different parts of the country. PTC is a one-of-a-kind example of a successful Public-Private Partnership, with a diverse Board of Directors that sets the tone for its open governance practices. Image Source