PTC India to buy surplus power from Bhutan's Mangdechhu project
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New Delhi, Aug. 20 -- In a move that will help strengthen India's energy security architecture with neighboring Bhutan, PTC India Ltd, the country's largest electricity trader, will buy surplus power from state-run Druk Green Power Corp Ltd for the 720-megawatts (MW) Mangdechhu hydropower project, the Indian firm said in a statement.
Prime Minister Narendra Modi inaugurated the major hydropower project during his recent visit to the strategically located Himalayan nation as part of the National Democratic Alliance (NDA) government's "neighbourhood first" policy.
"PTC India Ltd (PTC) signed Power Purchase Agreement (PPA) with Druk Green Power Corporation Limited (DGPC, A Royal Bhutan Govt. Company) for purchase of surplus power from 720 ...
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