NTPC seeks CERC nod to set up power exchange in Delhi
Power generation major NTPC has sought approval from Central Electricity Regulatory Commission (CERC) for its proposed power trading exchange to be set up in Delhi.
By PTI |
NEW DELHI: Power generation major NTPC has sought approval from Central Electricity Regulatory Commission (CERC) for its proposed power trading exchange to be set up in Delhi.
Commodity bourse National Commodity and Derivatives Exchange (NCDEX) and hydro power major National Hydroelectric Power Corporation (NHPC) have given in-principle nod to act as promoters in the new trading company, NTPC said in a public note here on Wednesday.
Apart from NHPC and NCDEX, some other major stakeholders are expected to join as promoters for the proposed exchange, which would operate as a separate company, the note said.
Other partners for the exchange may include Power Grid Corporation of India Ltd and Power Finance Corporation, sources said. The exchange would be set up at a cost of about Rs Rs 15-20 crore.
The proposed bourse would handle energy contracts and transmission clearance simultaneously through a single window including congestion management.
Earlier NCDEX Managing Director and CEO P H Ravikumar had said that all the stakeholders would get equal share in equity participation in the proposed company.
The regulator was finalising the norms for setting up such exchanges, after which a formal approval for the proposed bourse may be given. Power exchanges have been proposed by the government to develop a transparent market for power trading.
The CERC had in February issued guidelines for grant of permission to operators wanting to set up and operate a power exchange in the country. It proposed multiple power exchanges in the country.
Commodity bourse National Commodity and Derivatives Exchange (NCDEX) and hydro power major National Hydroelectric Power Corporation (NHPC) have given in-principle nod to act as promoters in the new trading company, NTPC said in a public note here on Wednesday.
Apart from NHPC and NCDEX, some other major stakeholders are expected to join as promoters for the proposed exchange, which would operate as a separate company, the note said.
Other partners for the exchange may include Power Grid Corporation of India Ltd and Power Finance Corporation, sources said. The exchange would be set up at a cost of about Rs Rs 15-20 crore.
The proposed bourse would handle energy contracts and transmission clearance simultaneously through a single window including congestion management.
Earlier NCDEX Managing Director and CEO P H Ravikumar had said that all the stakeholders would get equal share in equity participation in the proposed company.
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NCDEX has also applied for necessary clearances from the Central Electricity Regulatory Commission (CERC) and is hopeful of getting the same by September, he said. The regulator was finalising the norms for setting up such exchanges, after which a formal approval for the proposed bourse may be given. Power exchanges have been proposed by the government to develop a transparent market for power trading.
The CERC had in February issued guidelines for grant of permission to operators wanting to set up and operate a power exchange in the country. It proposed multiple power exchanges in the country.
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