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
 "nhpc")
Photo: Wikimedia Commons
The Smart Investor Newsletter
Stay ahead of the market with insights on buzzing stocks and actionable information to guide your investment decisions
Already have an account? Sign in
Read this article for free on the Business Standard app.
Read on AppWant unlimited access?
Explore exclusive offers on BS digital subscriptions.
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.)
More From This Section
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Aug 30 2022 | 10:22 PM IST