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Home News Power Sector News Power Trading Company India plans to take up power generation projects

Power Trading Company India plans to take up power generation projects

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 Power Trading Company India plans to take up power generation projectsPower Trading Company India is looking at picking up stakes in power generation projects across the country. Tantra Narayan Thakur, chairman and managing director, PTC India, said, "We have floated a company for making asset-based investments in power generation projects. This will help us in not only gaining higher returns but also address regulatory uncertainty."

He said the public sector power trader firm wants to get into project development and have a say in decision-making. The ownership in projects will be held by PTC Energy Ltd.
"Development of projects will not mean that we will be supplying manpower but be present at the board or sub-board level and provide our expertise" he said.

The amount of stake picked up will depend on the nature and size of the project and to the extent where the company has say in decision-making. For smaller projects, it will be 26% and could be smaller for bigger projects. Apart from thermal projects, the investments will also be captive power plants, wind power and in distribution segment.
 

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