TANGEDCO ropes in PTC India to procure 1,500 MW electricity; appoints it as aggregator

PTC India on Friday said it has been appointed as aggregator for procuring 1,500-megawatt (MW) electricity for five years by Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO). “Tamil Nadu Generation and Distribution Corporation Ltd (TANGEDCO), owned by Government of Tamil Nadu, has appointed PTC India Ltd as aggregator for their recently floated tender for procurement of 1,500-MW power for five years covered under the medium term,” the company said in a statement.

PTC India will sign PPAs (power purchase agreements) with successful generators and PSAs with TANGEDCO, it added.