India is the third largest producer
of electricity in Asia with an installed capacity that has increased from 1362
MW in 1947 to about 169749 MW as on 31st December 2010. However, alongside this
growth story is the large scale shortages in meeting peak (10.5%) as of 31st
December 2010 as well as energy shortage (8.2%) as of December 2010. In spite of
the overall shortage, the inherent diversity in demand of various States and
Regions in the country results in periods of seasonal surplus in one State or
region coinciding with periods of deficit in another.
This coexistence of overall shortages
with complementary geographical and temporal surplus-deficits provides
substantial opportunities to improve the economic efficiency and reliable supply
through trading of power both within as well as across Regions.
PTC India Ltd. (formerly known as Power Trading
Corporation of India Limited), was incorporated in 1999 to undertake trading of
power to achieve economic efficiency and security of supply and to develop a
vibrant power market in the country. Therefore, PTC has a tri-fold mandate:
a. To optimally utilize the existing resources to develop a full fledged
efficient and competitive power market
b. To attract private investment in the Indian power sector
c. To encourage trade of power with neighboring countries The pioneering service of the Company led to recognition of “Power Trading” as a
distinct licensed activity in the Electricity Act 2003. PTC holds Category I
license from Central Electricity Regulatory Commission (CERC), the highest
category with permission to trade unlimited volumes. PTC has maintained the
largest market share since inception and is No. 1 in last 10 years of operations
with its innovative products and services.
PTC
would continue to play a frontrunner's role towards development of a vibrant
power market in India and the South Asian Region and shall strive to add value
to its customers' operations through providing holistic services that serve the
evolving needs of the sector. |
