PTC India Limited has entered into a memorandum of understanding (MoU) with SJVN Arun-3 Power Development Company Private Limited (SAPDC), a wholly-owned subsidiary of state-owned SJVN Limited, for sale of electricity from two hydroelectric power projects (HEPs).
SAPDC is setting up two HEPs, the 900 MW Arun-3 HEP and the 669 MW Lower Arun HEP, in Sankhuwasabha, Nepal. Commercial operation of 900 MW Arun-3 is scheduled to commence in 2023-24, and that of 669 MW Lower Arun is scheduled to commence in 2027-28. Under the pact, PTC will assist SAPDC for sale of power from these projects to state utilities/discoms/bulk consumers etc on a long term basis (15 years to 25 years) in India. PTC will also endeavour to sell any untied capacity on medium/short term basis or on power exchanges. PTC has also signed an MoU with SJVN for the sale of hydropower from the latter’s 60 MW Naitwar Mori HEP, located in Uttarkashi district of Uttarakhand. The MoU with SAPDC will enable supply of 3,000 MW hydro power from Nepal to India by 2030 which will help in improving the hydro mix in the country and also stabilising the grid as well as better control in managing the peak demand.