PTC India looking to exit wind power business2 min read 23 Aug 2018, 08:43 AM IST
PTC India says considering various options for funding growth of PTC Energy, including getting a suitable strategic investor on board, but there is no deal that is under consideration in this regard
New Delhi: The country’s largest electricity trader, PTC India Ltd, is exploring the possibility of exiting its wind power business and is scouting for investors for this, said two people aware of the development. This comes against the backdrop of India’s renewable energy tariffs hitting a record low. The country’s wind power tariffs plummeted to ₹ 2.43 per kilowatt-hour (kWh) at an auction conducted by state-run Gujarat Urja Vikas Nigam Ltd last December.
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