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India : MAXIMUM power supply orders secured by PTC
Publish Date : 06-May-2016
At a lately concluded short term power procurement auction PTC India has secured the largest number of power supply orders at competitive rates to Uttarakhand and Kerala state utilities.
It offered 9 bids from different sources to Uttarakhand and 3 bids to Kerala over an electronic bidding and reverse auction conducted on a new portal.
In April for procurement of short term power by utilities the portal, christened Discovery of Efficient Electricity Price e-Bidding & e-Reverse Auction portal was launched.
It is a single platform for all utilities willing to procure power on short-term open access contracts through electronic competitive bidding and reverse auction.
PTC was the only successful bidder for Kerala. It will supply 100 MW -- the entire requisitioned quantum by Kerala State Electricity Board during peak hours and 50 MW during non-peak hours.
PTC in Uttarakhand secured the contract for above half the quantum as awarded by Uttarakhand Power Corporation Ltd. It will supply during evening peak and an extra 150 MW round the clock.
Deepak Amitabh- CMD, PTC India said, "Consumers will benefit from competitively procured power supplied by PTC, especially during summer peak demand periods.
