PTC crosses 1 bn units of trading

Our Infrastructure Bureau

New Delhi, Jan 1: Power Trading Corporation (PTC) has crossed 1 billion unit of trading while entering the new year. As per a PTC release, the corporation, which had set a target of trading 1,500 million unit (mu) for this financial year, had already traded 946 mu during June-December 01.

PTC, started with limited transactions during 1999-00 with 28.35 mu, going up to 43.77 mu during 2000-01. Major transactions of PTC for this fiscal included 160 mw from West Bengal to Delhi and Haryana, 70 mw from the Malana hydro power in Himachal to Delhi, 50 mw from Goa to Gujarat, another 50 mw from Goa to Karnataka and 100 mw power from Chhattisgarh to Karnatka.

Presently, PTC transactions are covering four out of five electricity regions of the country.

“PTC has many offers from states having surplus power and captive power plants and there is scope for substantial increase in the quantum of trading. However, many of the transactions are hindered by the transmission constraints and paying capacities of the state power utilities,” the release said.

PTC has also been identified as by the Centre as a nodal agency to deal with matters relating to exchange of power between India and Nepal.