PTC India, MPEB sign power sale agreement

PTC India and MPEB have signed a power sale agreement (PSA) for sale of power generated by the first phase (of 300 MW capacity) of the LANCO Amarkantak TPP located in Chattisgarh.

According to a PTC India release issued to the BSE, the power sale agreement (PSA) between two parties is spread over a period of 25 years.

T N Thakur, Chairman and MD of PTC India, said "Long-term agreements like this one with MPEB are the basic building blocks for the sustainability of our business model, and our vision for a vibrant power market in the country. We look at this milestone as significant not just for the company but for the facilitation of private investment in power generation of the country. In the coming months, we would focus on more of similar structures to drive the sector towards a critical mass of new investments."