Bilateral Transaction means a transaction for exchange of energy (MWh) between a specified buyer and a specified seller, directly or through a trading licensee, from a specified point of injection to a specified point of drawal for a fixed or varying quantum of power (MW) . Bilateral contracts can be of three types – Short term , Medium Term , and Long Term.
A Short-Term Bilateral contract is one that lasts up to a period of one year. Nodal agency for inter-state bilateral transactions is RLDC of the region where point of drawal of electricity is situated and SLDC is the nodal agency for intra-state transactions. These contracts can be executed through bilateral negotiations between the parties/through a trading licensee or through competitive bidding route.
TPTCL participates in various competitive bidding processes on behalf of esteemed generators and on being selected as successful bidder, TPTCL facilitates the power trade and assures payment to the generators.