The Hindu Business Line : Wartsila inks power sale pact with PTC

WARTSILA India Ltd, a subsidiary of Wartsila Corporation, and PTC India Ltd (formerly Power Trading Corporation of India) announced the signing of a MoU for the sale of surplus power. This agreement facilitates the utilisation of excess power generated by Wartsila's customers through PTC.

With a turnover of Rs 300 crore, Wartsila India has some 190 customers. The company has delivered 560 DG sets that generate around 2,750 MW of power.

Many of these customers have surplus generation capacity in their plants.

Mr Banmali Agrawala, Managing Director, Wartsila India Ltd, said, "Wartsila plans to develop the concept of helping its customers as a facilitator, through an innovative structure with PTC, to enable the offtake of their surplus power for export to other utilities/undertakings/units by PTC."

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