Power Trading Corporation (PTC) is likely to pick up 26% stake in the Indian Energy Exchange, the country’s first power exchange floated by multi-commodity exchange MCX. The power exchanges have been proposed by the government to develop a transparent market for power trading. Besides MCX, NCDEX, the other commodity exchange, is also likely to float a company to set up a power exchange.
MCX has offered us 26% in the proposed power exchange being operationalised by MCX. We have agreed in-principle to partner them and are evaluating the offer. We would soon decide on the level of our participation in the power exchange,” PTC chairman TN Thakur told ET.
Apart from MCX and PTC, the exchange may also get equity participation from financial institutions and power sector utilities, an official said.
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