NTPC's power exchange likely to be operational next fiscal

NTPC Ltd, India's largest power utility, expects its power exchange to be operational by next fiscal. The public sector giant has already received an in-principal approval from Central Electricity Regulatory Commission (CERC) for setting up a national level power exchange in the country.

"We have got the license from CERC and the exchange is likely to be operational in fiscal 2010-11," Sulochana Murlidharan, DGM (finance), NTPC, said in a press conference in connection with the company's follow-on public offer (FPO) here in Ahmedabad. NTCP has joined hands with NHPC Ltd, Power Finance Corporation (PFC) and Tata Consultancy Services (TCS) for the proposed power exchange. A joint venture company called National Power Exchange Ltd has been floated to set up the power exchange.