Tuesday, 3 May 2016

PTC bags maximum power supply orders to Uttarakhand and Kerala state utilities in short term power procurement auction

PTC India has bagged the largest number of power supply orders at competitive rates to Uttarakhand and Kerala state utilities at a recently concluded short term power procurement auction.

It offered 9 bids from different sources to Uttarakhand and three bids to Kerala over an electronic bidding and reverse auction conducted on a new portal.

The portal, christened Discovery of Efficient Electricity Price e-Bidding & e-Reverse Auction portal was launched in April for procurement of short term power by utilities. It is a single platform for all utilities willing to procure power on short-term open access contracts through electronic competitive bidding and reverse auction.

PTC was the sole successful bidder for Kerala. It will supply 100 MW -- the entire requisitioned quantum by Kerala State Electricity Board during peak hours and 50 MW during non-peak hours.

In Uttarakhand, PTC bagged the contract for more than half the quantum as awarded by Uttarakhand Power Corporation Ltd. It will supply during evening peak and an additional 150 MW round the clock.

"Consumers will benefit from competitively procured power supplied by PTC, especially during summer peak demand periods" said Deepak Amitabh- CMD, PTC India.

Experts Comment:

The introduction of providing online platform for short term will help to bring transparency. PTC has always been in top in short term power market in India. There will be not much difficulty to find buyers and sellers as it will bring at same platform. With such initiatives,the growth of short term will be more efficient in future.

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