TCS inks JV pact with NTPC, NHPC, PFC to set up power exchange

New Delhi, Sept 8 (UNI) Software services and consulting firm Tata Consultancy Services today said it has entered into agreement with state-run NTPC, NHPC and Power Finance Corporation to incorporate a joint venture firm for operating a national-level power exchange.

''A JV agreement has been signed amongst NTPC, NHPC, PFC and TCS for incorporation of a joint venture company (JVC) to set up and operate a power exchange at national level,'' a statement said.

The JV company would be registered as a Public Limited Company with an authorised capital of Rs 50 crore for setting up the power exchange to provide neutral and transparent electronic platform for power trading.

UNI SR AK ND1820