New Delhi, October, 2018: PTC India Limited, the leading provider of power trading solutions in India, has signed two new power purchase agreements (PPAs) with Bangladesh Power Development Board (BPDB) on 09.10.2018 for supplying 200 MW power to Bangladesh.
PTC India is already supplying 290 MW power to Bangladesh, has signed two new agreements for 200 MW on short and long term basis for 15 years. The short term power for 200 MW is from power pool of West Bengal State Electricity Distribution Company Ltd (WBSEDCL).The long term power will be supplied through imported coal project of Meenakshi Energy Limited.
With this new addition in cross border supply, PTC will add more than 1.5 billion units to its existing portfolio of 7 billion units power supply to neighboring countries (Bangladesh, Bhutan and Nepal).
The transaction is expected to give export earning of USD 1.8 Billion over its contract period.
Mr. Deepak Amitabh, Chairman & Managing Director, PTC India Ltd., said, “This transaction is another step towards a regional market for power that will aid closer cooperation among our neighbors for energy security.”