IEX expands beyond India with launch of cross-border electricity trade

NTPC arm gets approval for Nepal's participation in Cross Border Electricity Trade

In a first, Indian Energy Exchange (IEX) commenced the Cross Border Electricity Trade (CBET) on its power trading platform. This would help the exchange expand its power markets beyond India to the South Asia region.

The company said it will lead towards building an "integrated South Asian regional power market."

The government designated nodal agency for CBET is NTPC Vidyut Vyapar Nigam Ltd (NVVN), a fully-owned subsidiary of NTPC limited. The company has secured approval for Nepal to participate in the day-ahead market on IEX.

In 2018, the union ministry of power had issued guidelines for import/ export (cross border)