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.
