The Executive Vice President of India’s leading provider of power trading solutions, PTC, India Ltd, Mr. Rakesh Kumar has paid a working visit to The Energy Center, KNUST. 

Mr. Kumar was in the Country at the invitation of Ghana’s Energy Commission and thereafter came to deliver a lecture to Fellows of the Center at the invitation of the Director, Prof. Abeeku Brew- Hammond who also chairs the Commission.

He delivered a presentation on The Development of the Power Market in India in which he recounted the initial stages of the concept and the formation of the company in 1999. He gave an overview of the mechanism of power trading  in India (such as Power Exchange and Power Banking) and stressed that the enactment of an enabling legislation was key to the successful implementation of power trading in India.

Mr. Kumar indicated that India’s electric power transmission losses currently is about 3 to 4 percent, although distribution loses remain high. From the experience of India, he advised that developing countries should develop homegrown solutions that incorporate useful lessons from other developed nations when embarking on infrastructural development particularly in the Electric power industry.

The lecture was also attended by some staff Ghana’s state power generation utility, the Volta River Authority (VRA). PTC India Ltd. (formerly known as Power Trading Corporation of India Limited), was incorporated in 1999 to undertake trading of power to achieve economic efficiency and security of supply and to develop a vibrant power market in the country.

Click here to visit PTC, India Ltd. website. 

Click here to view the presentation by Mr. Kumar