NHPC inks MoU with PTC India for sale of power
POWER & RENEWABLE ENERGY

NHPC inks MoU with PTC India for sale of power

NHPC has signed an MoU with PTC India for the sale of power to be generated from the upcoming West Seti and Seti River-6 Projects in Nepal. The MoU has been reportedly signed by AK Singh, CMD, NHPC and Dr Rajib K Mishra, CMD, PTC India. On this occasion, RP Goyal, Director (Finance) Biswajit Basu, Director (Projects), VR Shrivastava, Executive Director (SBD&C) from NHPC and Harish Saran, Executive Director (Commercial and Operations), Pankaj Goel, CFO and Bikram Singh, EVP-Marketing from PTC India were also present.

As per the MoU, PTC shall purchase the Contracted Capacity from NHPC from the date of commercial operation of the above projects for onward sale to the State Utilities/Discoms/Bulk Consumers on a long-term basis in India and neighbouring countries. PTC shall also endeavour to sell any untied capacity on a medium or short-term basis or on power exchanges.

Also read:
Reconstruction of 145-year-old Bailey bridge begins
Railway and NH bridge collapses blamed on illegal mining in Nurpur


NHPC has signed an MoU with PTC India for the sale of power to be generated from the upcoming West Seti and Seti River-6 Projects in Nepal. The MoU has been reportedly signed by AK Singh, CMD, NHPC and Dr Rajib K Mishra, CMD, PTC India. On this occasion, RP Goyal, Director (Finance) Biswajit Basu, Director (Projects), VR Shrivastava, Executive Director (SBD&C) from NHPC and Harish Saran, Executive Director (Commercial and Operations), Pankaj Goel, CFO and Bikram Singh, EVP-Marketing from PTC India were also present. As per the MoU, PTC shall purchase the Contracted Capacity from NHPC from the date of commercial operation of the above projects for onward sale to the State Utilities/Discoms/Bulk Consumers on a long-term basis in India and neighbouring countries. PTC shall also endeavour to sell any untied capacity on a medium or short-term basis or on power exchanges. Also read: Reconstruction of 145-year-old Bailey bridge beginsRailway and NH bridge collapses blamed on illegal mining in Nurpur

Next Story
Real Estate

The Only Way is Up!

In 2025, India’s real-estate market will be driven by a confluence of economic, demographic and policy-driven factors. Among these, Boman Irani, President, CREDAI National, counts rapid urbanisation, the rise of the middle class, policy reforms like RERA and GST rationalisation, and the Government’s decision to allow 100 per cent FDI in construction development projects (including townships, housing, built-up infrastructure, and real-estate broking services).In the top metros, especially Bengaluru, followed by Hyderabad and Pune, the key drivers will continue to be job creation a..

Next Story
Building Material

Organisations valuing gender diversity achieve higher profitability

The building materials industry is projected to grow by 8-12 per cent over the next five years. How is Aparna Enterprises positioning itself to leverage this momentum and solidify its market presence?The Indian construction and building materials industry is projected to witness significant expansion, with estimates suggesting an 8-12 per cent compound annual growth rate (CAGR) over the next five years. This growth is fuelled by rapid urbanisation, increased infrastructure investments and sustainability-focused policies. With India's real-estate market expected to reach $ 1 trillion by 2030, t..

Next Story
Real Estate

Dealing with Delays

Delays have beleaguered many a construction project in India, hampering the country from building to its ability and potential, and leading to additional costs incurred by the contractor. The reasons for delayIn India, delays mainly occur owing to obtaining statutory approvals, non-provisioning of right of way, utility diversion and approval of drawings and design. Delays are broadly classified based on responsibility and effect. Excusable delays arise from factors beyond the contractor’s control, such as force majeure events or employer-induced delays. These delays generally entitle th..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?