According to PTC India’s CMD Rajib Kumar Mishra, the company intends to offer round-the-clock (RTC) power options by “blending” thermal and green energy.
The official said this while speaking at the company’s 24th Annual Day in the capital. The offers will also include storage options.
The offerings will also include storage solutions, the official made the remarks at the company’s 24th Annual Day in the national capital.
PTC is a public-private partnership with the power ministry’s major PSUs serving as its promoters. It engages in both short-term and long-term trading activities involving power produced by substantial power installations.
“PTC India stands strong and focused on taking up market risks and positions. Focused on crafting innovative solutions and acting as virtual power plants, PTC India aims to provide round-the-clock power offerings by blending renewable energy with thermal generation and storage solutions,” Mishra said on Friday.
The CMD further said, “that innovation has been our driving force. We leverage advanced data analytics to optimize operations and offer the best solutions”.
The fact that PTC plans to do this using green energy makes the initiatives more lucrative. However, the use of thermal energy is likely to mean that coal would still be involved in power generation. However, we can expect that with time PTC would be able to undergo the transition to use only green energy for power generation purposes.
