Latest News | SJVN Inks Pact with PTC India to Develop Products for Supplying Renewable Energy

New Delhi, Nov 24 (PTI) State-owned power producer SJVN on Wednesday said it has signed a pact with PTC India to develop products for supplying round-the-clock renewable energy.

The agreement was signed by SJVN Director (Finance) Akhileshwar Singh and PTC India Director (Marketing) Rajib Kumar Mishra in the presence of SJVN Chief General Manager Rajesh Kumar Gupta and other senior officials, according to a statement issued by SJVN.

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"SJVN Ltd has entered into a memorandum of understanding (MoU) with PTC India to collaborate on the development of products to supply RTC (round-the-clock) power.

SJVN Chairman and Managing Director Nand Lal Sharma informed that SJVN and PTC will jointly develop products for supply of renewable power from projects of SJVN bundled with available market capacity for the supply of RTC power to beneficiaries," it said.

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PTC will provide portfolio management services to SJVN, Sharma said adding that the primary objective of this MoU is to facilitate the development of energy mix from SJVN's renewable energy projects for RTC power.

PTC will also provide necessary market information in terms of the availability of the merchant power capacity from various sources under the MoU.

In addition to this, PTC will 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, the chairman and managing director said. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)