PTC buys 26% in Indian Energy Exchange

PTC India (formerly Power Trading Corporation of India), the country’s largest power trading firm, has taken 26% stake in the country’s first power exchange Indian Energy Exchange (IEX), which recently got regulatory approval. Tata Power (TPC), Reliance Energy (REL), Rural Electrification Corporation (REC), a consortium of Adani Enterprises (AEL) and IDFC are other stakeholders in IEX.

A power exchange is just like any other stock and commodity bourse, and acts as a platform for buying, selling and trading of electricity across India. At present, there is no such exchange in India and electricity is traded bilaterally at mutually agreed rates.IEX has been set up by Financial Technologies (India) and and Multi Commodity Exchange (MCX) for trading electricity

Source: Business Standard)

TPC, REL eyeing stake in power exchanges

Tata Power Company (TPC) and Reliance Energy (REL) are in talks with commodity exchanges, MCX and NCDEX, to pick up equity stake in two power exchanges proposed to be set up by them.

While MCX and its partner in the proposed exchange, Power Trading Corporation (PTC), have offered TPC minority stake, REL sources confirmed that the company is being approached by NCDEX, but it has not taken any decision yet.

(Source: Economic Times)