Financial Tech, PTC to launch exchange for electricity trading

New Delhi, Sep 20 (UNI) Financial Technologies India Ltd today said it will set up country's first national level power exchange ''Indian Energy Exchange Ltd (IEX)'' with 26 per cent stake held by Power Trading Corporation (PTC) for trading in electricity.

Financial Techonologies said in a statement that it has received an approval from the Central Electricity Regulatory Commission (CERC).

IEX will be a pan-India neutral and transparent electronic demutualised exchange for efficient price discovery in the electricity market, it added.

UNI