PTC to conduct second round of power procurement, seeks partners for PEL

Plans to go the whole hog into trading through power exchange in a tie-up with ICICI and Bombay Stock Exchange

At a time when demand concerns have dogged the power sector, Power Trading Corporation (PTC) is playing the role of an aggregator and has successfully completed bidding for 1,900 Mw of short-term power contracts. Simultaneously, it is looking for a second tranche of power procurement and is planning to go the whole hog into trading through power exchange in tie-up with ICICI and BSE.

TN, Telangana, Haryana, Punjab, Jharkhand and Bihar are likely to sign the power sales agreement (PSA) for the first tranche of 1,900 Mw, for which PTC has aggregated bids. “Through the use of scheduling, we will