PTC India, announced that it has completed the sale of remaining 200 MW under the long term PPA of hydro power under Karcham Wangtoo Hydro project to Punjab State Utility on April 01, 2018.
PTC India had already sold 680 MW of the saleable capacity of the power station to the State Utilities of Haryana, Uttar Pradesh and Rajasthan under long term PPAs. With the sale of remaining 200 MW saleable capacity, entire 100 per cent of the saleable power of the power station is being supplied on long term basis to various State Utilities through PTC India Limited.
Having an installed capacity of 1,000 MW, Karcham Wangtoo Hydroelectric project is located on river Satluj in Kinnaur District of Himachal Pradesh. The project is a run of river plant with pondage, having peaking capability of more than 3 hours and is able to meet diurnal variation of power demand. The project is owned and operated by Himachal Baspa Power Company, a company of JSW Group. PTC India is the trading partner of this project to arrange sale of entire saleable power of the power station to various distribution utilities on long term basis.