NHPC signs MOU with PTC India Limited
NHPC signs Memorandum of Understanding with PTC India Limited for Power Sales Arrangement of West Seti & Seti River-6 Projects in Nepal
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A Memorandum of Understanding (MoU) was signed between NHPC Limited and PTC India Limited for the sale of power to be generated from the upcoming West Seti & Seti River-6 Projects in Nepal at NHPC Corporate Office Faridabad on 30th August 2022.
The MoU was signed by Shri A.K. Singh, CMD, NHPC and Dr Rajib K. Mishra, CMD, PTC India Limited. On this occasion, Shri R.P. Goyal, Director (Finance) Shri Biswajit Basu, Director (Projects), Shri V.R. Shrivastava, Executive Director (SBD&C) from NHPC and Shri Harish Saran, Executive Director (Commercial & Operations), Shri Pankaj Goel, CFO and Shri Bikram Singh, EVP-Marketing from PTC India were also present.
As per the MoU, PTC shall purchase the Contracted Capacity from NHPC from the date of commercial operation of the above Projects for onward sale to the State Utilities/Discoms/Bulk Consumers on a long-term basis in India and neighbouring countries. PTC shall also endeavour to sell any untied capacity on a medium/short term basis or power exchanges.