NTPC forms JV with NHPC, PFC, TCS to set up power exchange
State-run NTPC said on Saturday that it has formed a joint venture company with NHPC Ltd, Power Finance Corp and Tata Consultancy Services to set-up and operate a national level Power Exchange. "NTPC has formed a JV company with NHPC Ltd, Power Finance Corp (PFC) and Tata Consultancy Services (TCS) to set-up and operate Power Exchange at national level," a company statement said. The JV company would be registered as a Public Limited Company with an authorized capital of Rs 50 crore for setting up the power exchange to provide neutral and transparent electronic platform for power trading. The exchange would also ensure clearing of all trades in an efficient manner with access to all the players in the power market.
