NTPC plans to acquire 5% equity stake in PXIL
POWER & RENEWABLE ENERGY

NTPC plans to acquire 5% equity stake in PXIL

Energy major NTPC is planning to acquire a 5% equity stake in Power Exchange of India Ltd (PXIL) that renders different electricity trading options, a senior authority told the media.

The PXIL is the nation's first institutionally promoted power exchange, which has been rendering several electricity trading solutions and linking buyers and sellers since 2008.

A senior authority told the media that NTPC has plans "to purchase up to 5% equity stake in PXIL. The decision has been taken considering the government's aim to boost the share market to 25% of the total electricity supply in India by 2023-24. NTPC cannot acquire over a 5% equity stake in the PXIL as it could additionally be a seller or buyer on the trading platform.

The government plans to raise the share of the spot power market in the total electricity supply in the nation to 25% by 2023-24. It is expected to be part of the draft National Electricity Policy (NEP). An expert group appointed by the Power Ministry has suggested developing the size of short-term power trading from about 5% presently to 25% by 2023-24. The power ministry is reportedly vetting the suggestion of the expert panel submitted in October 2021.

As per the Central Electricity Regulatory Commission (CERC), the share of the short-term market is estimated to be 10% of the total electricity acquired in 2019-20. The remaining 90% of the total power supply was acquired primarily by discoms through long-term contracts and short-term intra-state deals.

As per the industry data, short-term trading is about 14-15% of the total power supply in India, and most of that is bilateral PPAs (power purchase agreements) while the exchange trading is 5%. Government plans to boost this 5% to 25% by 2023-24.

Image Source

Energy major NTPC is planning to acquire a 5% equity stake in Power Exchange of India Ltd (PXIL) that renders different electricity trading options, a senior authority told the media. The PXIL is the nation's first institutionally promoted power exchange, which has been rendering several electricity trading solutions and linking buyers and sellers since 2008. A senior authority told the media that NTPC has plans to purchase up to 5% equity stake in PXIL. The decision has been taken considering the government's aim to boost the share market to 25% of the total electricity supply in India by 2023-24. NTPC cannot acquire over a 5% equity stake in the PXIL as it could additionally be a seller or buyer on the trading platform. The government plans to raise the share of the spot power market in the total electricity supply in the nation to 25% by 2023-24. It is expected to be part of the draft National Electricity Policy (NEP). An expert group appointed by the Power Ministry has suggested developing the size of short-term power trading from about 5% presently to 25% by 2023-24. The power ministry is reportedly vetting the suggestion of the expert panel submitted in October 2021. As per the Central Electricity Regulatory Commission (CERC), the share of the short-term market is estimated to be 10% of the total electricity acquired in 2019-20. The remaining 90% of the total power supply was acquired primarily by discoms through long-term contracts and short-term intra-state deals. As per the industry data, short-term trading is about 14-15% of the total power supply in India, and most of that is bilateral PPAs (power purchase agreements) while the exchange trading is 5%. Government plans to boost this 5% to 25% by 2023-24. Image Source

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?