PTC, SJVN ink pact to sell power from upcoming Arun-3, Lower Arun hydro projects
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 scheduled to commence in year 2027-28.
The exchange will initially offer trading in Contingency contracts, Green Contingency contract and Renewable Energy Certificates. It will steadily increase its product portfolio and provide a wide range of contracts to address the demand of different segments of the electricity market, an official statement said.
PTC India, Greenstat Hydrogen India ink pact to develop green hydrogen solutions
The areas of development shall include feasibility studies and/or project management services for green hydrogen solutions to potential beneficiaries in India. Both PTC and GHIPL will also work towards identifying opportunities for development of a centre of excellence for facilitation of green hydrogen in India.
SEBI asks PFS to address CG issues before holding board meet, seeks report in 4 weeks
A meeting of the Board of Directors was scheduled to be held on January 22, 2022, however, as the company did not have quorum in compliance of SEBI (LODR) Regulations, 2015, therefore, the same could not be held, the filing said.
PTC India independent director resigns citing unfortunate developments
The resignation comes amid firefighting efforts by PTC India management, which has refuted corporate governance issues in the company. PTC has informed the stock exchanges about the resignation. Kacker, a retired bureaucrat, was also an independent director in PFS but his term expired on December 31.
PTC India sets up internal committee; not ruling out malafide
PTC India acting chairman and managing director Rajib Kumar Mishra questioned the independent directors intent to raise questions regarding 10-year old loan and said PFS will soon fill the board level vacancies with ‘young people with ‘NBFC background to make faster decisions. He did not rule out an intent to ‘malify the company.
PTC India board to meet Jan 22 after allegations of irregularities in financial lending units
Rajib Mishra, the company's chairman, did not elaborate on the agenda of the meeting. Mishra was addressing a news conference after shares of non-banking financial company PTC India Financial Services Ltd (PFS) continued to fall on Friday. The firm was accused of lapses in corporate governance by three independent directors who resigned on Thursday.
All independent directors of PTC Financial Services resign citing governance issues
The three independent directors – Kamlesh Shivji Viakmsey, Thomas Mathew T and Santosh B Nayar -- have flagged serious concerns on conduct on the management of the PFS India led by managing director and CEO Pawan Singh. In their resignations, the independent directors have alleged that actions of Singh were in violation of his powers.
PTC India bags orders from BEE; wins consultancy assignments from BSCL, EESL
PTC India Limited, has got orders from BEE for their flagship Perform Achieve & Trade (PAT) scheme in eight states / UTs, the leading power trading solutions & consulting services provider said in a statement. The company has won consultancy assignments on project management & impact assessment of energy efficiency projects from BSCL and EESL.