 "NHPC to sell hydro power to PTC India from upcoming Nepal projects")
State-run hydro power giant NHPC has inked a pact with PTC India to supply electricity to be generated from upcoming West Seti & Seti River-6 projects in Nepal, a statement said on Tuesday.
The MoU was signed by NHPC CMD A.K. Singh and Dr. Rajib K. Mishra, CMD, PTC India Limited.
As per the MoU, PTC shall purchase the Contracted Capacity from NHPC from date of commercial operation of the projects for onward sale to the state utilities/discoms/bulk consumers on long term basis in India and neighbouring countries.
The PTC India shall also endeavour to sell any untied capacity on medium/short term basis or on power exchanges, it stated.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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