SJVN Limited has announced that it has signed an MoU (Memorandum of Understanding) with PTC India Limited to cooperate on the development of products to supply Round the Clock (RTC) Power.
The MoU was signed by Mr. Akhileshwar Singh, Director (Finance), SJVN Ltd, and Dr. Rajib Kumar Mishra, Director (BD & Marketing), PTC India Ltd. in the presence of Mr. Rajesh Kumar Gupta, Chief General Manager, SJVN, and other senior officials.
On this occasion Mr. Nand Lal Sharma, Chairman & Managing Director, SJVN stated that SJVN & PTC will mutually develop products for supply of Renewable Power from Projects of SJVN bundled with available market capacity for the supply of RTC power to beneficiaries. PTC will provide Portfolio Management Services to SJVN.
He further said that the key objective of this MOU is to enable the development of energy mix from renewable energy projects of SJVN for RTC Power.
Mr. Sharma also informed that in terms of the MoU, PTC will provide necessary market information in terms of the availability of merchant power capacity from various sources. In addition to this PTC will also study, explore, prepare, and submit a detailed report regarding the supply of power from proposed Renewable Energy projects of SJVN to potential beneficiaries across India.