PTC India inks pact for 115 MW power supply from VS Lignite Power

Power trading solution provider PTC India has inked a long-term power purchase agreement with VS Lignite Power for 115 MW of electricity supply.

PTC India executed a long-term power purchase agreement (PPA) for 115 MW with VS Lignite Power Pvt. Ltd, a company statement said.

VS Lignite operates a 135-MW lignite-fired power plant in Bikaner district of Rajasthan.

The power plant sources fuel from a captive lignite mine near the project.

The company is presently selling power to various discoms (power distribution companies) through short- term power sale agreements.