JKPCL collaborates with PTC India to optimise costs

Jammu, Nov 20: J&K Power Corporation Limited (JKPCL) Wednesday convened a meeting with PTC India to explore the possibilities of optimizing its power procurement costs through various technical interventions.

Chaudhary Mohd Yasin, Managing Director, JKPCL chaired the meeting while Harish Saran, Executive Director, PTC India and Neeraj Sharma, Chief Engineer were also present during the meeting with other officers from JKPCL and PTC India.

The meeting was convened by JKPCL in its pursuit of developing and optimally utilizing the available hydel potential of the Union Territory to provide cheaper and reliable power to all its consumers.

PTC India Limited, formerly called Power Trading Corporation of India, is the leading provider of power trading solutions in India, with primary focus to develop commercially vibrant power markets in the country.

During the meeting, PTC shared its experience of working with other similar utilities to help JKPCL for optimised scheduling and procurement of power through various power market channels including short term bilateral, power exchanges, medium term and long-term solutions.

It is worthwhile to mention that JKPCL is procuring power to the tune of 3150 MW from all sources to cater the load of UT of JK , achieving a-peak load of 3133 MW in winters of 2023-24 and 2924 MW in summer of 2024-25 with a average load of 2450 MW.

Commenting on the occasion, Managing Director, JKPCL said, “JKPCL remains committed to optimising the power procurement costs for supply of power to the consumers of J&K and development of sustainable infrastructure for the consumers.”

“We will continue exploring avenues for optimising Power procurement costs and improving the reliability of the power supply to the consumers,” he added.