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