2 PE funds from Power Trading Corporation likely

Posted on July 11, 2011 by

Power Trading Corporation is the leading power trading solutions provider. It is considering launch of two private equity funds to strengthen its financing capabilities.

In May last year, PTC India launched an infrastructure fund as a JV with Ashmore, a specialist emerging markets asset manager. The fund was aimed at providing equity financing to power projects. The new plan includes one general purposes PE fund and one renewable energy sector focused PE fund, though the plans are at an initial stage. PTC is exploring the JV option with domestic and foreign partners to launch these funds. The RE focused PE fund would be floated by PTC India Financial Services while the other one would be done by PTC India.

PTC India Financial Services (PFS) is a special purpose investment vehicle promoted by PTC India (PTC).

PTC India deals with power trading and reporting a healthy PAT of Rs 139.20 crore last fiscal. The power trading volumes have gone up by a third to 24,481 million units in 2010-11 as compared to 18,236 million units 2009-10. By March 2011, Power Trading Corporation had signed PPAs for a capacity of more than 15,000 MW, also including cross border trade of power.


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Posted in: Renewable Energy