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IEX, JEPX tie up to explore opportunities in electricity market

Press Trust of India  |  New Delhi 

Indian Exchange (IEX) and Exchange (JEPX) have tied up to jointly explore opportunities for a cooperation in

The scope of a memorandum of understanding (MoU) includes opportunities for training to augment the through competitive market platforms by organising knowledge sharing programmes, an statement said.

These initiatives would help both the organisations in elucidating the and in learning the laws and rules pertaining to in both countries.

The agreement was signed on March 28, 2018.

According to the statement, the intent of the MoU is to share experience and cooperate with each other in respect of technology and in market products development.

This collaboration would be beneficial for both the exchanges and for the larger good of the power markets in and Japan, it said.

Commenting on this S N Goel, Managing Director and CEO, IEX, said in the statement, The power exchanges in have high growth potential. As the markets in and both have potential to grow, expand and diversify, I believe this collaboration with will ultimately benefit overall market development in both countries.

Takashi Murakami, Chairman and CEO, said in the statement that we are very much pleased to have close relationship with in order to share experiences regarding full liberalization of market.

The operates in In 2017 FY, its 135 members traded 61TWh 8 per cent of whole of Japan. It is an independent non-profit organization designated as a wholesale exchange by Minister of Economy, Trade and Industry under Electricity Business Act of Japan.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, April 11 2018. 16:35 IST