Bhutan, through Druk Green Power Corp., has entered into an agreement with PTC India Ltd for the purchase of power from the Indian market during the dry winter season. The designated authority for cross-border power trading has approved the import of power by Bhutan.
Bhutan has also executed the agreement with the Settlement Nodal Agency for the settlement of grid operation-related charges.
“Over the years, Bhutan has been exporting hydropower to India. The increasing domestic demand in Bhutan now requires power imports during the dry winter season. This PPA will help address such energy requirements,” said Dr. Rajib K Mishra, CMD (addl. Charge), PTC India Ltd.
“This agreement is a step forward towards PTC’s endeavor to strengthen the regional power markets for energy security and sustainability in South Asia.”
PTC India Ltd has been mandated by the Government of India to trade electricity with Bhutan, Nepal and Bangladesh. The trading activities undertaken by PTC include long-term trading of power generated from large projects including renewables as well as short-term trading arising as a result of supply and demand mismatches, which inevitably occur in various regions of the country.
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