PTC, SJVN ink pact to sell power from upcoming Arun-3, Lower Arun hydro projects

PTC India Ltd NSE -0.71 % on Thursday said it has entered into a pact with SJVN NSE -1.05 % for sale of electricity from two hydel power projects. The company has entered into the Memorandum of Understanding (MoU) with SJVN Arun-3 Power Development Company Private Limited (SAPDC), a wholly-owned subsidiary of state-owned SJVN.The pact is for the sale of hyower from SAPDC's Arun-3 and lower Arun hydroelectric projects on a long term basis to utilities/consumers in India, according to a statement.SAPDC is setting up two hydroelectric projects 900 MW Arun-3 and 669 MW Lower Arun in Sankhuwasabha, Nepal. Commercial operation of 900 MW Arun-3 is scheduled to commence in year 2023-24, and that of 669 MW Lower Arun hydroelectric project is sched.....