Himalayan Kingdom Inks PPA With PTC
Bhutan will now start procuring up to 600 MW of power, through PTC, from the Indian Power Market.
NEW DELHI, Dec 20 (The CONNECT) – Bhutan, through Druk Green Power Corporation Limited, has entered into an agreement with PTC India Ltd, for purchase of power from Indian Power Market in order to meet its power requirement during the dry winter season.
Designated Authority (DA) for cross border power trading has accorded an approval for import of power by Bhutan.
Bhutan has also executed the agreement with Settlement Nodal Agency for settlement of grid operation related charges. With all requisite approvals, Bhutan will now start procuring up to 600 MW of power, through PTC, from the Indian Power Market.Dr. Rajib K Mishra, CMD (addl. Charge), PTC India Ltd., described the agreement as a step forward towards PTC’s endeavor to strengthen the regional power markets for energy security and sustainability in South Asia.