PTC India Ltd., a provider of power trading solutions, has signed a long-term power purchase agreement with VS Lignite Power for 115 MW of electricity supply. According to a company statement, PTC India signed a long-term power purchase agreement for 115 MW with VS Lignite Power Pvt. Ltd.
"This agreement strengthens PTC's long-term power portfolio and our commitment to ensuring a reliable energy supply." We recognise the growing importance of renewable energy and believe that striking the right balance between conventional and renewable sources is critical to ensuring our country's sustainable and secure energy future," said Rajib K Mishra, chief managing director of PTC India, in a statement.
PTC India is a pioneer in the Indian power market. The company has also been authorised by the Indian government to trade electricity with Bhutan, Nepal, and Bangladesh.