Operationalization of First Inter State Flow of Wind Power by PTC India Ltd.

PTC India Limited, the leading provider of power trading solutions in India, announced operationalization and transfer of Inter State wind power flow of 126 MW commissioned capacity to different beneficiary states under MNRE Wind Scheme (Tranche-I) of 1050 MW in Jun 2016. The power will flow to Uttar Pradesh, Bihar, Jharkhand, and Odisha.

PTC India Ltd. has executed Power Purchase Agreements (PPAs) with developers and Power Sale Agreements (PSAs) with seven (07) state utilities. SECI conducted the competitive bidding and e-reverse auction for selection of wind project developers in Feb 2017 and the tariff discovered was Rs 3.46/kWh setting a new benchmark for the wind sector at that time.

Shri Deepak Amitabh, CMD, PTC mentioned “this as an important milestone in the journey of renewable energy in India, wherein the scheme enables transfer of renewable power from wind rich states to wind deficient states. The capacities under this scheme will be commissioned progressively in the coming months and benefits of the capacity will be reaped by state utilities fully from next wind season.”