PTC India inks power purchase agreement with VS Lignite Power

08 May 2023 Evaluate

PTC India has inked a long-term power purchase agreement with VS Lignite Power for 115 MW of electricity supply. VS Lignite operates a 135-MW lignite-fired power plant in Bikaner district of Rajasthan. The power plant sources fuel from a captive lignite mine near the project. 

The company is presently selling power to various discoms (power distribution companies) through short- term power sale agreements. PTC plans to explore various opportunities to sell this power to state utilities under long-term, medium-term and short-term power sale arrangements. 

PTC has a portfolio of long-term PPAs with 10,000 MW power capacity consisting of coal-based, large hydro and renewable energy projects. This marks PTC's first long-term power agreement with a lignite-based power project.

PTC India is principally engaged in trading of power. PTC holds Category I license from Central Electricity Regulatory Commission (CERC), the highest category with permission to trade unlimited volumes.

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