NTPC forms JV to set-up Power Exchange

New Delhi, Aug 9 (UNI) The country's largest power generation company NTPC Limited today said it has signed a Joint Venture (JV) agreement to set-up and operate a Power Exchange at the National Level with an investment of Rs 50 crore.

The company has signed a JV with Power Finance Corporation Ltd (PFC) and Tata Consultancy Services Ltd (TCS) to set-up and operate a Power Exchange at National Level, it said in a statement.

The company shall be registered as a Public Limited Company with an authorised capital of Rs 50 crore, it added.

The Power Exchange shall provide a neutral and transparent electronic platform for trading of power on 'Day Ahead Basis' and ensure clearing of all trades in an efficient manner with access to all the players in the power market.

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