PTC India Ltd. (PTC), the leading provider of power trading solutions in India, was established in the year 1999 as a Government of India initiated Public-Private Partnership, whose primary focus is to develop a commercially vibrant power market in the country.
PTC is the pioneer in implementing the power trading concept in India and has successfully demonstrated its efficacy in optimally utilizing the existing infrastructure within the country to the benefit of all.
PTC has maintained No. 1 position in electricity trading since sustained trading began in 2000-01. It seeks to provide holistic services in the power trading market, including intermediation for long-term supply of power from identified domestic IPPs and cross-border power projects, financial services like providing equity and debt support to projects in the energy value chain through its subsidiary PTC India Financial Services (www.ptcfinancial.com), fuel intermediation/ aggregation for cross-border power plants through PTC Energy Ltd. and advisory services among others.
PTC today is not just the leading power trader in the country, but also the co-promoter of 1st National Power Exchange in the country besides diversifying into the unique role of a Complete Energy Solutions Provider.
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:
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.
"To be a frontrunner in power trading by developing a vibrant power market and striving to correct market distortions"
PTC Energy Ltd, has been set up as a subsidiary of PTC India Ltd. with an objective to develop asset base taking in to its sphere the business of generation, supply, distribution, transmission and dealing in all forms of energy including import and export of coal, conversion of coal/ fuels in to electricity, fuel linkages and provide advisory services in energy sector and energy efficiency. The Company was incorporated on 1st August 2008 and commenced its business operations from FY 2009-10.
Joint Development of Projects and assignments
The core investment strategy of PEL is to jointly develop projects with a view to invest as promoter and hold on to investment rather than investing with intent to exit. PEL has accordingly formulated an investment policy and is pursuing a number of projects in the energy sector. PEL has undertaken a strategic investment of 48% equity amounting to Rs. 23.40 crores for joint development of 80 MW wind farm in Tamilnadu.
PEL is also providing consultancy to large gamut of clientele across different phases of energy sector value chain.