The Indian Energy Exchange (IEX), the country's first power exchange was formally launched on Wednesday by Sushil Kumar Shinde, Union minister for power.

<tr><td><p class='TableClas'></p><P class='TableClas'><DIV CLASS=rightDiv><script language="JavaScript">
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		<script type="text/javascript" src="http://pagead2.googlesyndication.com/pagead/show_ads.js">
		</script> </DIV><p class='TableClas'>Since its inception about 20 days ago, the exchange has already carried out trading of over 30,000 megawatt hour (mwh), informed Jayant Deo, MD and CEO of IEX.
</p><p class='TableClas'>The Financial Technologies (FTIL) and PTC India-promoted platform for online power trading started its operations on June 27. These transactions have taken place in a price range of Rs 6,466-13,700 per mwh. The exchange traded a volume of 7,383 mwh yesterday.
</p><p class='TableClas'>&#34The establishment of the power exchange is necessary for meeting the demand and supply gap of electricity that exists in the country,&#34 Shinde said. 
</p><p class='TableClas'>The concept of the energy exchange in India was initiated in March last year when the Central Electricity Regulatory Commission (CERC) received the first application to set up the trading platform.
</p><p class='TableClas'>CERC however gave its final approval to the formation of the exchange in August. 
</p><p class='TableClas'>The key stakeholders in the exchange include Adani Enterprises, IDFC, Lanco Infratech and Reliance Energy. </P></p><p class='TableClas'></p></table>


IEX crosses 30,000 mwh power trade

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