Companies

PTC India ties up with Solar Energy Corpn

Rajalakshmi S | | Updated on: Oct 12, 2015

PTC India Ltd has signed a memorandum of understanding with Solar Energy Corporation of India for the sale and purchase of power generated from 3,000 MW of solar projects.

The power from these projects will be sold onward on a long term basis for 25 years from the commercial operation date of each project to the state electricity distribution utilities.

"Under the said arrangement, SECI will facilitate development of 3,000 MW of solar projects at various locations on behalf of central public sector units or any other government/private agency. PTC will purchase solar power offered by SECI/project developers for onward sale to state utilities at tariffs to be determined by SECI through reverse auction process or any other competitive route," a statement from PTC India Ltd said.

Published on January 22, 2018

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