NTPC To Buy Equity In Power Exchange Of India Ltd
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NTPC intends to purchase a 5% stake in Power Exchange of India Ltd.
Highlights:
NTPC Ltd., a state-owned power generation company, is set to buy a 5% stake in Power Exchange of India Ltd. (PXIL
It should be stated that the government intends to increase the share of spot power in India’s total electricity supply to 25% by 2023-24.
The size of small power trading is currently around 5%.
It became India’s first institutionalized promoted power exchange on February 20, 2008.
PXIL offers a variety of electricity market solutions and facilitates the connection of buyers and sellers.
The PXIL has a paid-up capital of Rs 58.47 crore and an officially approved share capital of Rs 120 crore.
National Thermal Power Corporation Limited, or NTPC Limited, is an Indian established by law corporation.
It was involved in the generation of electricity as well as other related activities.
It is a legislative corporation that was established under the Companies Act of 1956 and is owned by the Ministry of Power of the Government of India.