Edit this postPTC India, formerly known as Power Trading Corporation of India is a Government of India initiated public-private partnership with major PSUs as promoters and a wide ownership interest. The company`s principal activity is to provide power-trading services through purchases from surplus utilities and sales to deficit ones. The company`s services also include streamlining transaction management, making optimal operational decisions and managing complex risk scenarios. In 2006, the company started coal intermediation services in addition to other advisory services for the power sector. PTC today enjoys more than 70% of the market share of power trading in India. In 2005-06, PTC entered into long-term power purchase/sale agreements for five projects totaling a capacity of 4000 MW. The company has also signed MoUs for another 16 projects totaling a capacity of 10,400 MW. The Lanco Amarkantak project in Chhattisgarh, where PTC had previously picked up 11% stake, has achieved financial closure and entered the construction phase. The company has contracted to purchase close to 10 times the volume of its present operations. The bulk of these plants are scheduled to start operations from the year 2008-09. Under these tie-ups, the company gets right to market electricity produced by the generators for period upto 25 years. It has zero debt levels rendering it financially flexible, and has paid dividends for five consecutive years.
Power Trading Corporation of India Live Stock Price, Share Chart, Quotes, NSE, BSE
PTC India, formerly known as Power Trading Corporation of India is a Government of India initiated public-private partnership with major PSUs as promoters and a wide ownership interest. The company`s principal activity is to provide power-trading services through purchases from surplus utilities and sales to deficit ones. The company`s services also include streamlining transaction management, making optimal operational decisions and managing complex risk scenarios. In 2006, the company started coal intermediation services in addition to other advisory services for the power sector. PTC today enjoys more than 70% of the market share of power trading in India. In 2005-06, PTC entered into long-term power purchase/sale agreements for five projects totaling a capacity of 4000 MW. The company has also signed MoUs for another 16 projects totaling a capacity of 10,400 MW. The Lanco Amarkantak project in Chhattisgarh, where PTC had previously picked up 11% stake, has achieved financial closure and entered the construction phase. The company has contracted to purchase close to 10 times the volume of its present operations. The bulk of these plants are scheduled to start operations from the year 2008-09. Under these tie-ups, the company gets right to market electricity produced by the generators for period upto 25 years. It has zero debt levels rendering it financially flexible, and has paid dividends for five consecutive years.
