PTC, SJVN ink pact to sell power from upcoming Arun-3, Lower Arun hydro projects
PTC India Ltd NSE 0.36 % on Thursday said it has entered into a pact with SJVN NSE -0.35 % for sale of electricity from two hydel power projects. The company has entered into the Memorandum of Understanding (MoU) with SJVN Arun-3 Power Development Company Private Limited (SAPDC), a wholly-owned subsidiary of state-owned SJVN.
The pact is for the sale of hydropower from SAPDC’s Arun-3 and lower Arun hydroelectric projects on a long term basis to utilities/consumers in India, according to a statement.
