PTC India is likely to set up a power trading company in Nepal, which would supply electricity to India and Bangladesh. With this, it will become the first Indian power firm to set up in Nepal. The move is aimed at boosting the centre’s aim to build a South Asia-focused energy security architecture.

PTC India has signed a memorandum of understanding (MoU) with NHPC Ltd for the sale of power from the West Seti and Seti River-6 hydropower projects in Nepal. PTC India is going to operate as a holding company and it would be at arm’s length from the Nepal entity.

PTC India board has given the firm approval to start a new trading company in Nepal. The company has already done business with Bhutan and Bangladesh as a trading company in India. The company is now waiting for the amendments to the Electricity Act 2022 in Nepal which would allow companies access to power trading.

Founded in 1999, PTC India (formerly known as Power Trading Corporation of India) provides power trading solutions, cross-border power trading, and consultancy services. Headquartered in New Delhi, it has two subsidiaries PTC Energy Limited and PTC India Financial Services Limited. The company also aims to sell power to Myanmar and Vietnam in future.