PTC India to be trading partner for wind power

PTC India Limited, the leading provider of power trading solutions in India, will be the trading partner for purchase and sale of power from wind power projects selected through GoI’s first ever auction of wind power and associated infrastructure for 1,000 MW. PTC India is the nodal entity for supplying power to utilities after entering into a power purchase agreement (PPA) with successful bidders.

With the wind power auction fixing the tariff at Rs 3.46 per unit for 25 years, the stage is now set for wind power to emerge as a credible renewable power source in the country. Given India’s diverse geography, non-windy states will now be able to get wind based power from states that are rich in wind resources.

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