New Delhi :  PTC India Limited (“PTC”) celebrated 20 years of contribution to the country’s power sector at its Annual Day function on 15^th July at Hotel Ashok, New Delhi in the august presence of Shri R K Singh, Honorable Minister of State for Power, New & Renewable Energy (Independent Charge), Shri A K Bhalla, Secretary (Ministry of Power), and His Excellency Major General Vetsop Namgyel, Ambassador of Royal Bhutan.

Shri R K Singh conveyed India’s commitment to provide 24×7 power to all its citizens at an affordable price while keeping the environmental considerations in view. “PTC has played the role of a catalyst in designing market interventions to improve efficiency and optimum utilization of resources. PTC pioneered power trading in the power market in India and also with neighboring countries. Power trading has truly helped different states not only to meet their power demands but also to reduce their cost of power. PTC’s recent contribution in pioneering inter-state transmission based wind projects through SECI has created a new benchmark in transfer of renewable energy. It’s role as an aggregator for resolution of stressed assets is highly commendable.”

Speaking at the event Shri A K Bhalla, Secretary (Ministry of Power), Govt. of India, said, “Large capacity addition in power generation and private participation is critical in achieving energy security and access to electricity to all citizens at competitive prices. PTC has an approach of constantly bringing innovative products and services to cater to the dynamic needs of the ever evolving power sector.”

Welcoming the guests, Shri Deepak Amitabh, CMD, PTC India Limited, conveyed PTC Group’s commitment to provide world class services to its customers through products and value added services for power trading, infrastructure financing etc. “ During the last 20 years, there have been many firsts by PTC such as: First short-term trades from renewable generation projects’; First introduction to open access trades to many institutional customers like the Railways, AAI etc ; Achievement of first financial closure on the strength of a multi-buyer long-term PPA-PSA framework; Co-promoting the first power exchange in the country; First demonstration of O&M for a distribution utility; First cross-border transactions; First knowledge partnership for capacity building with USAID, DFID and the first case study on a power trader by IIM, Bangalore.”

Mr. Amitabh also shared the company’s vision of creating PTC 2.0, and shared his dream of a day when PTC is not just focused on the growing needs of India alone, but of the entire South Asian region.”