PTC India indicators long run settlement with lignite-based energy venture in Rajasthan

NEW DELHI : PTC India Ltd has signed a long-term energy buy settlement for 115 MW with VS Lignite Energy Pvt Ltd.

VS Lignite operates a 135 MW lignite fired energy plant within the Bikaner district of Rajasthan. The facility plant sources gas from a captive lignite mine close to the venture, stated a PTC India assertion. 

The corporate is presently promoting energy to numerous discoms by quick time period energy sale agreements.

PTC plans to discover numerous alternatives to promote this energy to state utilities underneath long run, medium time period and short-term energy sale preparations, it stated.

PTC has a portfolio of long run PPAs with 10,000 MW energy capability consisting of coal based mostly, giant hydro and renewable vitality initiatives. This marks PTC’s first long-term energy settlement with a lignite-based energy venture.

Commenting on the event, Rajib Okay Mishra, CMD, PTC India Restricted stated: “This settlement provides to PTC’s long-term energy portfolio and reinforces our dedication to securing a dependable vitality provide. We acknowledge the rising significance of renewable vitality and consider that reaching the correct stability between standard and renewable sources is important to making sure a sustainable and safe vitality future for our nation.”

PTC India is a state-run energy buying and selling firm. It has additionally been mandated to commerce electrical energy with Bhutan, Nepal and Bangladesh. The buying and selling actions undertaken by PTC embrace long run buying and selling of energy generated from giant energy initiatives together with renewables in addition to quick time period buying and selling arising because of provide and demand mismatches, which inevitably happen in numerous areas of the nation.

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Up to date: 07 Might 2023, 08:57 PM IST