PTC India inks MoU with Brookfield Renewables to purchase 100 MW solar power

10 May 2023 Evaluate

PTC India has executed a Memorandum of Understanding (MoU) with Brookfield Renewables for purchase of 100 MW solar power on a long-term basis. Brookfield Renewables is developing a 400 MW solar power project in Bikaner solar park in Rajasthan.

The agreement includes an option to increase the power capacity to 200 MW at the time of project commissioning based on mutual confirmation by the two parties. PTC India will market the power to various utilities and commercial and industrial consumers. Under this arrangement, PTC India will provide Brookfield Renewables with an assured tariff and payment security.

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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