PTC appointed to procure 1,500 MW electricity byTANGEDCO

PTC India Limited (PTC) has been appointed as aggregator for procuring electricity for five years by Tamil Nadu Generation and Distribution Corporation Limited (TANGEDCO).

TANGEDCOhas appointed PTC as the aggregator for their recently floated tender for procurement of 1,500MW power for five years covered under the medium term. PTC India will sign power purchase agreements (PPAs) with successful generators and power supply agreements (PSAs) with TANGEDCO. PTC is also aggregator under the Pilot Scheme-I and Pilot Scheme-II of the Ministry of Power (MoP). PTC has tied up a 400-MW power supply pact with TANGEDCO under Pilot Scheme-II.

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