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PTC India Limited constitutes a three-member Technical Advisory Committee

Feb 11th, 2022 9:05 pm | By | Category: LATEST NEWS


(THE NEWSMAN OF INDIA.COM)
New Delhi, 11th February 2022, PTC has constituted a three-member High-Level Technical Advisory Committee (TAC), which would guide the company in formulating and implementing new products and initiatives for the Indian power sector. It is business-critical to include expert viewpoints with diverse perspectives, and this expert committee will guide the company and ensure the development of robust and innovative products/ solutions.

S. K. Soonee (former founder CEO, POSOCO) and Rajeev Sharma (former CMD, PFC) have joined the said committee of PTC; the third member is also expected to join soon. Both the said committee members are veterans of the Indian power sector and bring on board their vast knowledge and experience in System Operation, Transmission, Power Financing, etc.

Dr. Rajib K. Mishra, CMD In- Charge, PTC India Ltd, said that “Power market is changing at a rapid pace, and PTC India would like to create a think tank of highly experienced industry veterans and experts to meet and evolve in the next phase of growth”.

About PTC India Limited

PTC India Ltd., a Government of India initiative, is the pioneer in starting a power market in India. The Company has maintained its leadership position in power trading since inception. PTC has also 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 power projects as well as short term trading arising as a result of supply and demand mismatches, which inevitably arise in various regions of the country.

The Company is credited with a number of products in the electricity trading market to meet the divergent needs of the customers. Driven by the vision to shape a vibrant power market, PTC has been providing value-focused services to its clients and build trust as a reliable partner. The electricity traded from cross border resources is a significant component of the total electricity traded by the Company.

PTC is a unique example of a successful public-private partnership with major PSUs of the Ministry of Power, Government of India as promoters and a widely held ownership interest. The diverse composition of its Board of Directors includes eminent people as independent directors.

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