PTC to achieve double-digit growth

PTC to achieve double-digit growth


New Delhi: State-run Power Trading Corporation today said despite the global slowdown and prevailing liquidity crunch, it will register a double-digit growth rate in this financial year.

“Last year we traded 10 billion units (KWh), this year we hope to register double-digit growth," PTC Chairman and Managing Director T N Thakur told reporters.

He said, “There will be no impact of global slowdown on us directly. But those who have signed Power Purchase Agreements (PPAs) with us may be affected due to the liquidity crunch. Therefore, there might be indirect impact on us."

When asked about the plans of buying coal mines in Indonesia, Thakur replied, “We are trying to strike a deal for getting a coal mine in Indonesia during this fiscal only."

About the new power projects, he said that the projects who did not go for financial closure may have liquidity problems. There are some projects on which PTC had signed PPAs. “If all those get affected, there will be a little impact of this ongoing slump," he added.